Global Water Resources, Inc. announces closing of full exercise of U.S. IPO over-allotment option

PHOENIX, May 11, 2016 /CNW/ - Global Water Resources, Inc. (NASDAQ: GWRS, TSX: GWR) (the "Company") announced today the closing of the full exercise of the over-allotment option by the underwriter of the Company's previously announced U.S. initial public offering with respect to an additional 174,720 shares of common stock for gross proceeds of $1,092,000.  The shares of common stock of the Company are listed on the NASDAQ Global Market and the Toronto Stock Exchange under the trading symbol "GWRS" and "GWR", respectively.

Roth Capital Partners acted as sole manager for the U.S. offering.

A registration statement relating to the Company's common stock was declared effective by the Securities and Exchange Commission on April 27, 2016. The offering is being made only by means of a prospectus, copies of which may be obtained from Roth Capital Partners, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660; [phone].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Global Water Resources, Inc.
The Company is a water resources company located in Phoenix, Arizona, that owns and operates regulated water, wastewater and recycled water utilities in the metropolitan Phoenix area.

SOURCE GWR Global Water Resources Corp.

Michael J. Liebman, Chief Financial Officer and Corporate Secretary, Global Water Resources, Inc., [phone], [email protected], www.gwresources.com