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Forward Water Technologies Corp ( (TSE:FWTC) ) has provided an announcement.
Forward Water Technologies Corp. has announced a shares for debt settlement to address $53,095.89 of its debt. The company issued 471,544 common shares at a price of $0.1126 per share to Sustainable Chemistry Alliance, with the shares subject to a four-month hold period expiring in May 2025. This transaction helps Forward Water Technologies manage its financial obligations, potentially strengthening its financial position as it continues to focus on its water-saving technology initiatives across various sectors.
More about Forward Water Technologies Corp
Forward Water Technologies Corp. is a Canadian company focused on conserving the world’s water supply using its patented Forward Osmosis technology. Founded by GreenCentre Canada, the company targets the implementation of its technology across various sectors such as industrial wastewater, oil and gas, mining, agriculture, and municipal water supply, with an additional focus on the early-stage R&D for food and beverage process streams.
YTD Price Performance: -4.11%
Average Trading Volume: 60,607
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.19M
Learn more about FWTC stock on TipRanks’ Stock Analysis page.