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An announcement from Forward Water Technologies Corp ( (TSE:FWTC) ) is now available.
Forward Water Technologies Corp. has announced amendments to its convertible debenture financing terms, intending to issue units priced at $1,000, each comprising a principal amount of convertible debentures and common share purchase warrants. The changes include a pre-payment right for the company and adjustments to the exercise price of warrants. Insiders are expected to participate significantly, constituting a related party transaction, with the company relying on exemptions from formal valuation and minority approval requirements. The closing of the private placement is contingent on obtaining necessary corporate and regulatory approvals.
More about Forward Water Technologies Corp
Forward Water Technologies Corp. is a Canadian company focused on preserving the earth’s water supply through its patented Forward Osmosis technology. Founded by GreenCentre Canada, the company targets large-scale implementation across various sectors, including industrial wastewater, oil and gas, mining, agriculture, and municipal water supply. Additionally, it is exploring early-stage R&D for food and beverage process stream treatment.
Average Trading Volume: 28,854
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.74M
See more data about FWTC stock on TipRanks’ Stock Analysis page.