Forward Water Technologies Corp (TSE:FWTC) has released an update.
Forward Water Technologies Corp. is advancing a strategic transaction with Fraser Mackenzie Accelerator Corp., backed by an additional $25,000 secured loan, part of a larger approved lending of up to $225,000. This move complements a concurrent financing effort aiming to raise at least $1.4 million through the sale of subscription receipts, with each entitling the holder to future FMAC common shares and warrants. The transaction includes a 10 for 1 consolidation of FWTC common shares and will redefine FWTC as the ‘Resulting Issuer’ with new shares listed on the TSX Venture Exchange.
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