PHOENIX, May 11, 2016 /CNW/ - Global Water Resources,
Inc. (NASDAQ: GWRS, TSX: GWR) (the "Company") announced today the
closing of the full exercise of the over-allotment option by the
underwriter of the Company's previously announced U.S. initial
public offering with respect to an additional 174,720 shares of
common stock for gross proceeds of $1,092,000. The shares of common stock of
the Company are listed on the NASDAQ Global Market and the Toronto
Stock Exchange under the trading symbol "GWRS" and "GWR",
respectively.
Roth Capital Partners acted as sole manager for the U.S.
offering.
A registration statement relating to the Company's common stock
was declared effective by the Securities and Exchange Commission on
April 27, 2016. The offering is being
made only by means of a prospectus, copies of which may be obtained
from Roth Capital Partners, 888 San Clemente Drive, Suite 400,
Newport Beach, CA 92660; (800)
678-9147.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities, nor shall there be
any sale of the securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of such
state or jurisdiction.
About Global Water Resources, Inc.
The Company is a
water resources company located in Phoenix, Arizona, that owns and operates
regulated water, wastewater and recycled water utilities in the
metropolitan Phoenix area.
SOURCE GWR Global Water Resources Corp.