Clearford Water Systems Inc. announced that it has entered into and closed 2 new loan agreements for USD 1.0 million. The proceeds of the loans will be used to strengthen Clearford's balance sheet and fund project related working capital requirements including debt servicing and principal repayments of previously issued loans. The loan bears interest at 9.75% per annum and matures on October 21, 2030. The loans each valued at USD 500,000 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.