Clearford Water Systems Inc. announced that it has entered into 2 new loan agreements for USD 1.14 million. The proceeds of the loan will be used to strengthen Clearford's balance sheet and fund project related working capital requirements including debt servicing. The loan bears interest at 9.75% per annum and matures on September 15th, 2030. The loans each valued at USD 570,000 both bear interest of 9.75% payable semi-annually in May and November of each year. A setup fee of 4% is payable on the new loans. The Company provided a general security agreement over the assets of its subsidiary Clearford Koester Canada Inc. As the Company previously announced, its Board of Directors has initiated a formal process to review potential strategic alternatives available to the Company which is ongoing with no additional new information available at this time.