PETERBOROUGH, Ontario, Canada -- January 4, 2022 --
InvestorsHub NewsWire -- Rainmaker Worldwide (OTC:
RAKR) (the “Company,”
“Rainmaker” or “RAKR”) announced
today the submittal of its application to the OTC Markets to
up-list to the OTCQB® from the OTC Pink. The ultimate up-listing is
subject to OTC approval. Rainmaker is hopeful that the Company will
have greater access to capital and a much broader and diverse
shareholder base subject to this approval.
Furthermore, RAKR announces the appointment of two independent
directors: Dr. Mamdouh Shoukri, C.M., O.Ont., PhD, FCAE, P.Eng. who
was previously part of the Board and who joined the Board of
Directors, effective December 21, 2021; and Mr. James Ross, BEnvs.,
MBA who also joined the Board of Directors effective December 21,
2021.
In addition to their regular duties on the Board that include
providing strategic guidance and technical and financial expertise,
Dr. Shoukri and Mr. Ross will serve as members of the Audit
Committee, the Nomination Committee, and the Compensation
Committee.
Dr. Shoukri serves on the Board of Directors of the Canada
Foundation for Innovation. This independent not-for-profit
organization invests in research facilities and equipment in
Canada’s universities, colleges, research hospitals, and non-profit
research institutions. Dr. Shoukri was the seventh President and
Vice-Chancellor of York University, Ontario, Canada, from July 1,
2007, to June 30, 2017. Dr. Shoukri began his career in academia at
McMaster University in Hamilton, Ontario, Canada. In support of the
power and process industries, McMaster's leading research programs
were directed by Dr. Shoukri as he served in administrative
leadership positions, including as Department Chair, Dean, and
Vice-President. As an academic leader, he guided York’s
transformation into a comprehensive research-intensive university
and spearheaded hundreds of millions of dollars of capital
development projects. In 2013, for his contributions to the
flourishing of Ontario’s academic institutions as both an engineer
and an administrator, Dr. Shoukri was named a Member of the Order
of Canada, the Order of Ontario, and awarded the Queen Elizabeth II
Diamond Jubilee medal.
Michael O’Connor, Chairman and CEO of Rainmaker Worldwide, said,
“I am extremely honored to have Dr. Shoukri rejoin the Rainmaker
Board as we finally move beyond the difficult times of Covid and
expect to begin delivering products to market in the first quarter
of 2022. Adding Dr. Shoukri and Mr. Ross to our Board is an
important step in our ongoing process to enhance corporate
governance and develop our long-term plan.”
Dr. Shoukri said, “I am very pleased to rejoin the Board of
Rainmaker Worldwide and look forward to working with the team.
There continues to be no greater global priority than having access
to safe drinking water. Rainmaker represents an excellent
opportunity for me to build on my lifelong, global relationships in
engineering and academia.”
Mr. Ross has held senior executive management positions in
Renewable and Technology companies. During this period, he has
invested in, developed, financed, divested, and acquired numerous
energy projects in hydro, biomass, wind, co gen, fuel cell, and gas
firms. He has also been actively involved and invested in multiple
technology companies, including Telecommunications, Renewable,
Information Technology, Blockchain, and GIS companies. He has been
a Director and Financial Manager of both public and private
companies. Mr. Ross has also served as the President of JSR Capital
Inc., an investment fund and corporate finance firm focused on
funding and consulting well-managed emerging renewable, independent
power and technology companies since September 1991.
Mr. O’Connor said, “I am extremely pleased to have Mr. Ross
bring his decades-long financial expertise to the Rainmaker Board
especially given his depth of knowledge in the resource and
renewable energy sectors. He will bring a much-needed skillset to
the team as we look to grow and expand in the near future.”
Mr. Ross said, “I am excited to join the Board of an emerging
growth company in the resource sector, especially water, which has
become such a prominent global concern. I will bring my experience
and knowledge base to the Rainmaker team as we all seek to make a
difference and provide shareholder value.”
About Rainmaker Worldwide Inc.
Rainmaker Worldwide Inc. (OTC:
RAKR) is a leader in affordable water solutions through a
Water-as-a-Service business model. RAKR is headquartered in
Peterborough, Canada. The Company provides economical drinking
water at scale wherever it is needed. Rainmaker was recognized as
the Best Community Impact Water Solutions Global 2020 by Capital
Finance International. For the latest product information and
FAQs, please visit www.rainmakerww.com.
Forward-looking Statements:
Certain matters discussed in this announcement contain
statements, estimates and projections about the growth of
Rainmaker’s business, potential distribution partnerships and/or
clients, and related business strategy. Such statements estimates
and projections may constitute forward-looking statements within
the meaning of the federal securities laws. Factors or events that
could cause our actual results to differ may emerge from
time-to-time. Rainmaker undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. The recipient of this
information is cautioned not to place undue reliance on
forward-looking statements.
Investor Contact
Rainmaker Worldwide Inc.
Michael O’Connor
Executive Chairman and Chief Executive Officer
info@rainmakerww.com
Rainmaker Worldwide (PK) (USOTC:RAKR)
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