Clearford Water Systems Inc. announced that it has entered into 2 additional new loan agreements for USD 4,275,000. The proceeds of from this financing will again be used to strengthen Clearford's balance sheet and fund project related working capital requirements including debt servicing of previously issued loans and retirement of existing debt. The loans bears interest at 9.75% per annum and matures on May 10th, 2031. The new loans are valued at USD 2,375,000 and USD 1,900,000. Each loan bears an interest rate of 9.75% payable semi-annually in May and November of each year. A setup fee of 4% is payable on the new USD 1,900,000 loan. The Company provided a general security agreement over the assets of its subsidiary Clearford Koester Canada Inc. It is expected that the loans will be fully advanced during current fiscal quarter. As the Company previously announced, its Board of Directors has initiated a formal process to review potential strategic alternatives available to the Company. This process is continuing and there is no additional new information available at this time.