sur Forward Water Technologies Corp. (CVE:FWTC)
Forward Water Technologies Corp. Settles Debt with Share Issuance
Forward Water Technologies Corp. (FWTC), based in Toronto, has announced a shares for debt transaction amounting to $53,095.89. This move involves issuing 471,544 common shares at a price of $0.1126 per share to the Sustainable Chemistry Alliance. The transaction allows FWTC to manage its indebtedness effectively.
The shares issued in this transaction will be subject to exemptions according to Canadian securities law and will come with a hold period until May 25, 2025. This approach reflects FWTC's strategic financial planning to address its obligations without direct cash outflow.
FWTC, leveraging its patented Forward Osmosis technology, continues to focus on water conservation across various sectors including industrial wastewater, oil and gas, and municipal water supply.
R. P.
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