FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May, 1998
Sparkling Spring Water Group Limited
One Landmark Square, Stamford CT, USA 06901
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will
file annual reports under cover Form 20-F or Form 40-F]
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby
furnishing the information to the Commission pursuant to
Rule 12g3 - 2(b) under the Securities Exchange Act of 1934.]
Yes No X
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<PAGE>
On May 19, 1998 Sparkling Spring Water Group Limited issued
a press release announcing the acquisition of Krystal
Fountain Water Co. Ltd based in London, England. Krystal
Fountain has a water cooler base of approximately 5,000 and
operates primarily in the M25 area in London.
On May 27, 1998 Sparkling Spring Water Group Limited issued
a press release announcing the completion of a $US 40
million senior credit facility with Toronto Dominion Bank.
The credit facility is for general corporate purposes
including working capital, acquisitions and capital
expenditure financing.
Exhibit I Press Release dated May 19, 1998 announcing
the acquisition of Krystal Fountain Water Co.
Ltd based in London, England.
Exhibit II Press Release dated May 27, 1998 announcing
the completion of a $US 40 million senior
credit facility with Toronto Dominion Bank.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this Report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
SPARKLING SPRING WATER GROUP LIMITED
By: /s/ David M. Arnold
---------------------------
Name: David M. Arnold
Title: Vice President Finance, Treasurer
Date: June 3, 1998
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<PAGE>
EXHIBIT I
PRESS RELEASE (For Immediate Release) May 19, 1998
SPARKLING SPRING WATER GROUP COMPLETES
ACQUISITION OF KRYSTAL FOUNTAIN
WATER COMPANY
Sparkling Spring Water Group Limited is pleased
to announce the completion of the acquisition of
Krystal Fountain Water Co. Ltd. based in London,
England. Krystal Fountain has a watercooler base
of approximately 5,000 and operates primarily in
the M25 area in London.
According to Stewart Allen, Sparkling Spring's
President, "The acquisition of Krystal Fountain
and its approximate 5,000 watercooler customers
moves Sparkling Spring into the leadership
position in the home and office segment of the
bottled water market in the United Kingdom. The
Company expects to complete the consolidation of
Krystal Fountain with its Nature Springs
operation by the end of the summer.
Sparkling Spring is a leading producer and
distributor of bottled water to the home and
office segment with over 125,000 customers. The
Company does business as "Nature Springs" in the
United Kingdom, "Water at Work" in Scotland,
"Sparkling Springs" in the Atlantic Provinces of
Canada, "Canadian Springs" in British Columbia
Canada, "Cullyspring" in Washington State and
"Crystal Springs" in Oregon State.
Information Concerning Forward-Looking Statements
- -------------------------------------------------
This press release contains forward-looking
statements as defined by the Private Securities
Reform Act of 1995, which are inherently subject
to various risks and uncertainties. These
include, without limitation, the future results
of the Company's continuing acquisition program,
the ability of the Company to realize benefits
from continuing to consolidate certain general
and administrative functions, to retain key
management, to execute its focused business
strategies, and to continue to identify and
implement product enhancements and new product
ideas.
<PAGE>
CONTACT:
K. Dillon Schickli
Sparkling Spring Water Group Limited
c/o C.F. Capital
One Landmark Square (11th Floor)
Stamford, CT. USA 06901
Tel: 203-325-0077
Fax: 203-325-1057
<PAGE>
Exhibit II
PRESS RELEASE (For Immediate Release) May 27, 1998
SPARKLING SPRING WATER GROUP CLOSES
NEW SENIOR CREDIT FACILITY
Vancouver, Canada: Sparkling Spring Water Group
Limited is pleased to announce the completion of
a $US 40 million senior credit facility with
Toronto Dominion Bank. This credit facility is
for general corporate purposes including working
capital, acquisitions and capital expenditure
financing.
According to Dillon Schickli, Sparkling Spring's
Chief Financial Officer, "This credit facility
was contemplated when the senior subordinated
notes were sold last November. The completion of
this credit facility provides additional
liquidity for the Company and will allow it to
continue with its business plan of consolidation
of the home and office water-cooler business".
The Company, a leading producer and distributor
of bottled water to the home and office segment
with over 125,000 customers, does business as
"Nature Springs" in the United Kingdom, "Water at
Work" in Scotland, "Sparkling Springs" in the
Atlantic Provinces of Canada, "Canadian Springs"
in British Columbia Canada, "Cullyspring" in
Washington State and "Crystal Springs" in Oregon
State.
Information Concerning Forward-Looking Statements
- -------------------------------------------------
This press release contains forward-looking
statements as defined by the Private Securities
Reform Act of 1995, which are inherently subject
to various risks and uncertainties. These
include, without limitation, the future results
of the Company's continuing acquisition program,
the ability of the Company to realize benefits
from continuing to consolidate certain general
and administrative functions, to retain key
management, to execute its focused business
strategies, and to continue to identify and
implement product enhancements and new product
ideas.
<PAGE>
CONTACT:
K. Dillon Schickli
Sparkling Spring Water Group Limited
#17 3771 North Fraser Way
Burnaby, B.C.
V6J 5K6, Canada
Tel: (604) 437-4000 x. 266
Fax: (604) 437-1407
