Forward Water Technologies Extends Private Placement Closing Date

Forward Water Technologies Corp. (TSXV:FWTC) announced an extension for the closing date of its non-brokered private placement of convertible debentures. Initially scheduled for earlier completion, the new expected closing date is October 22, 2025. This decision was driven by recent investor interest.

The private placement aims to raise up to $750,000 by issuing debenture units priced at $1,000 each. Each unit includes $1,000 in convertible debentures and 5,000 common share purchase warrants. Warrants allow holders to acquire shares at $0.07 per share in the first year, increasing to $0.10 afterwards. The debentures mature in 36 months with an interest rate of 14% per annum.

Company insiders plan to participate in the placement, constituting a related party transaction. Details adhere to Multilateral Instrument 61-101, ensuring fair market considerations and TSX Venture Exchange compliance.