Alkaline Water settles $3.87M debt via equity; issues 19.3M shares to creditors

ALKALINE WATER Co INC

Settled $3,869,962 in debt by issuing units and special warrants to four non-U.S. creditors.
Three creditors received 9,633,616 units at $0.37/unit and immediately exercised warrants for 9,633,616 additional shares at $0.44.
One creditor got 825,738 special warrants at $0.37, convertible into units (1 share + 1 warrant) upon prospectus receipt or after 4 months+1 day.
Total new shares issued from this settlement: 19,267,232 from the three creditors, plus potential shares from special warrants conversion.

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