AWA Arrowhead Water Products Ltd

Arrowhead Water Products Ltd. ("Arrowhead" or the "Company") (TSX VENTURE:AWA)
advises that, as previously announced, it entered into a Letter of Intent and a
Right of First Refusal Agreement with a private third party purchaser (the
"Purchaser") to sell substantially all of the assets (the "Assets") of Arrowhead
(the "Transaction"). The Purchaser, Ice River Springs Water Co. Inc. ("Ice
River"), has now exercised its option under the Right of First Refusal Agreement
to purchase Arrowhead's Assets for an aggregate purchase price of $1,650,000.
Ice River is a private company based in Shelburne, Ontario with ten plants
throughout Canada and the United States. Focused on environmental
sustainability, Ice River operates a closed loop recycling facility in Ontario
and is the first beverage company in North America to produce a 100% recycled
bottle from self-manufactured resin. 


Arrowhead anticipates that the closing of the Transaction shall occur on or
about February 15, 2013 following a meeting of its shareholders called to
approve the Transaction. The Transaction is also subject to certain regulatory
approvals, including approval from the TSX Venture Exchange. The Company plans
to hold an Annual and Special meeting of its shareholders at 10:00 a.m. on
Friday, February 15, 2013 to approve annual meeting matters and the Transaction.
A proxy and information circular in connection with such meeting will be mailed
to all shareholders on or about January 20, 2013.


As previously announced, Arrowhead outsourced all 15-litre water bottling
operations to Ice River in November, 2012 and Ice River will continue to deliver
Arrowhead's premium bottles of natural spring and reverse osmosis water to the
Western Canadian retail and wholesale market. Arrowhead is and Ice River will be
the only bottled water companies in Alberta currently engaged in the production,
sale and distribution of the new one way, environmentally friendly, bisphenol A
free, 15-litre water bottle.


14,492,229 Common Shares Issued

FOR FURTHER INFORMATION PLEASE CONTACT: 
Arrowhead Water Products Ltd.
Donald W. Wood
President and Chief Executive Officer
(403) 692-8259
dwood@arrowheadwater.ca


Arrowhead Water Products Ltd.
Ross O. Drysdale
Director
(403) 585-3737
ross@drysdalelaw.com

Arrowhead Water Products Ltd (TSXV:AWA)
Historical Stock Chart
From May 2024 to Jun 2024

Arrowhead Water Products Ltd (TSXV:AWA)
Historical Stock Chart
From Jun 2023 to Jun 2024