Update on Fundraising

HaloSource Inc. (HAL.LN, HALO.LN), the global clean water technology company traded on London Stock Exchange’s AIM market, refers to its previous announcement of 21 April 2017 in relation to the conditional issue of new common shares (the “New Common Shares”) to raise approximately £1.9 million ($2.3 million) (the “Fundraise”).

The Company is pleased to announce that the Company has obtained the requisite numbers of waivers of existing shareholders to (a) amend the articles of incorporation to increase the authorised share capital of the Company; and (b) issue the New Common Shares without having to make a pre-emptive offer to existing shareholders.

The Fundraise remains conditional on one of the key cornerstone investors to the Fundraise receiving a certain Chinese governmental approval to enable the investor to complete its participation in the Fundraise. At this stage, the process for receipt of such governmental approval remains ongoing. The Company will apply for admission to AIM of the New Common Shares (“Admission”) on all conditions of the Fundraise being satisfied. The Company will make a further announcement in due course regarding the Chinese governmental approval and timing of Admission.

The information communicated in this Announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 (“MAR”). For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Craig Crowell, Chief Financial Officer.



HaloSource, Inc.

James Thompson, Chief Executive Officer

+1 425 419 2257

Craig Crowell, Chief Financial Officer

+1 425 419 2248

Hybridan LLP (Sole Broker)

Claire Noyce, Niall Pearson

+44 203 764 2341

Liberum Capital Limited (NOMAD)

Richard Bootle, Jill Li, Steve Pearce


+44 203 100 2222