Forward Water Technologies Announces Debt Settlement via Shares

Forward Water Technologies Corp. (FWTC) has revealed a shares for debt transaction to settle $9,000 of interest owed. The company intends to issue 105,882 common shares at a price of $0.085 per share to Green Centre Canada. This transaction is part of FWTC's efforts to manage its finances efficiently.

The Settlement Shares will be issued under Canadian securities law exemptions and will have a hold period of four months and one day post-issuance. The completion of this transaction depends on the approval of the TSX Venture Exchange.

Forward Water Technologies focuses on water conservation through its Forward Osmosis technology. This initiative aligns with their broader strategy to apply their technology across various sectors, including wastewater and municipal water supply.