Clearford Water Systems Inc. announced that it has entered into 2 additional new loan agreements for USD 250,000. The proceeds of the financing will be used to fund working capital requirements including debt servicing of previously issued loans, and retirement of existing debt. The loans bear interest rate 9.75% per annum and matures on December 9th, 2031. Each new loan is valued at USD 125,000 and USD 125,000, respectively. Each loan bears an interest rate of 9.75% payable semi-annually in May and November of each year. 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 the current quarter of 2021.