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Forward Water Technologies Announces Fiscal Year 2023 Financial Results
TORONTO, ON / ACCESSWIRE / November 28, 2023 / Forward Water Technologies Corp. (TSXV:FWTC) (t...
About this update from Forward Water Technologies Corp
[{"type":"text","content":"Forward Water Technologies Announces Fiscal Year 2023 Financial ResultsTORONTO, ON / ACCESSWIRE / November 28, 2023 / Forward Water Technologies Corp. (TSXV:FWTC) (the \"Company\") is pleased to announce that it has filed its condensed consolidated audited financial statements and related management's discussion and analysis for the three and six months ended September 30, 2023. Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile at www.sedar.com. All financial information in this news release is reported in Canadian dollars, unless otherwise indicated.Operating Highlights and Recent Corporate DevelopmentsOn July 4, 2023, the Company issued a total of 410,909 common shares in settlement of compensation to AGORA for certain advertising services provided to the Company.On July 25, 2023, the Company announced that it had signed a Heads of Agreement for the potential lease- to-own of the Forward Osmosis (\"FO\") equipment with a leading developer of battery grade lithium sourced from aquifers using direct lithium extraction (DLE) technology.On August 31, 2023, the Company announced that it has entered into a non-binding Letter of Intent with Alborg CSP to access their flat panel and parabolic solar thermal solution offerings for integration into the Company's FO technology systems, specific to direct lithium extraction applications and where the use of solar thermal integration provides beneficial use to the client.On October 5, 2023, the Company issued a total of 452,000 common shares in the amount of $22,600 in settlement of compensation to AGORA Internet Relations Corp., for certain advertising services provided to the Company.On October 23, 2023, the Company completed a non-brokered private placement of 9,240,000 units at a price of $0.05 per unit for gross proceeds of $462,000. Each unit consisted of one common share of the Company and one common share purchase warrant. Each common share purchase warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.075 per share at any time on or before October 20, 2026.On October 31, 2023, the Company announced a brokered private placement (the \"Offering\") of a minimum of 20,000,000 units (\"Units\") and a maximum of 40,000,000 Units, on a commercially reasonable efforts ...