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VANCOUVER, British Columbia, Canada – Swiss Water Decaffeinated Coffee Inc. announces it has entered into an agreement with Mill Road Capital II, L.P. (“Mill Road”) to purchase from Mill Road the outstanding share purchase warrant entitling Mill Road to acquire up to 2,250,000 common shares of Swiss Water.
The share purchase warrant has an exercise price of $3.33 per share and expires on April 30, 2026. The purchase price for the share purchase warrant is $675,000. Completion of the purchase is anticipated to be July 3, 2025.
“The cancellation of the Warrants removes an overhang on the share price trading and will permit the shares to trade without this influence going forward.
We believe that shareholders will also benefit from the clarity being provided on the share ownership and wide distribution of the Company’s shares.
Swiss Water appreciates the constructive approach that Mill Road Capital has taken to these discussions to achieve an outcome that the Board believes is in the best interests of shareholders,” said Mr. Frank Dennis, President and CEO of Swiss Water.
Swiss Water Decaffeinated Coffee Inc. is a leading specialty coffee company and a premium green coffee decaffeinator that employs the proprietary Swiss Water® Process to decaffeinate green coffee without the use of chemical solvents such as methylene chloride. It also owns Seaforth Supply Chain Solutions Inc., a green coffee handling and storage business. Both businesses are located in Delta, British Columbia, Canada.
