sur Forward Water Technologies Corp. (CVE:FWTC)
Forward Water Technologies Announces Debt Settlement Through Share Issuance
Forward Water Technologies Corp. (TSXV:FWTC), based in Toronto, has announced a shares for debt transaction. The settlement aims to address an accumulated interest debt amounting to $9,453.40. In accordance with this transaction, FWTC issued a total of 115,285 common shares at a price of $0.082 per share. The recipient, Green Centre Canada, is affiliated with the founding of the company.
The newly issued shares come with prospectus exemptions under Canadian securities law. They are subject to a holding period set to expire on June 25, 2025, prohibiting their sale before that date.
Forward Water Technologies specializes in utilizing Forward Osmosis technology to conserve water resources. The company targets sectors such as industrial wastewater, oil and gas, and agriculture for implementing its innovative solutions.
R. P.
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