Forward Water Technologies Announces Settlement of Interest Debt

Forward Water Technologies Corp. has announced a financial move to settle $9,453.40 in interest accrued up to September 30, 2024, through a shares for debt transaction with GreenCentre Canada. The transaction involves issuing 115,285 common shares at a deemed price of $0.082 per share, pending approval from the TSX Venture Exchange (TSXV). The issuance adheres to Canadian securities law exemptions and includes a four-month hold period expiring on March 2, 2025.

The company's decision aligns with its strategic financial management, allowing the conversion of debt into equity under TSXV Policy 4.3. The terms set the share price based on the five-day average closing price prior to issuance approval.