11th Nov 2011 07:00
Watermark Global PLC
("Watermark" or the "Company")
Project Update
Watermark, the AIM quoted Company that focuses on the treatment of Acid Mine Drainage ("AMD") in South Africa, provides the following project update.
The Board has been investigating alternative applications of its proprietary water treatment technology and, in line with previous announcements, Watermark is also currently appraising an anthracite coal briquetting project in KwaZulu Natal. The Board is undertaking diligence on the anthracite project and is also investigating a number of means of funding these projects, including via a joint venture or partnership, which might allow Watermark's shareholders to benefit from participation in the projects without the need for Watermark to raise additional equity funding.
The Board remains confident in the commercial value of its water treatment technology and its efficacy in a range of applications. Further announcements will be made as appropriate.
Enquiries:
| Watermark Global | |||
| Jaco Schoeman, Chief Executive Officer | Tel: + 44(0) 20 7233 1462 | ||
| Charles Zorab, Investor Relations | Tel: + 44(0) 20 7233 1462 | ||
| Nominated Adviser | |||
| Cenkos Securities | |||
| Ian Soanes/Elizabeth Bowman | Tel: +44(0) 20 7397 8900 |
Copyright Business Wire 2011
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