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Forward Water Technologies Corp. Announces Closing of Non-Brokered Private Placement of $1,025,000 of Debenture Units
TORONTO, ON / ACCESS Newswire / October 29, 2025 / Forward Water Technologies Corp. (" FWTC " ...
About this update from Forward Water Technologies Corp
[{"type":"text","content":"Forward Water Technologies Corp. Announces Closing of Non-Brokered Private Placement of $1,025,000 of Debenture UnitsTORONTO, ON / ACCESS Newswire / October 29, 2025 / Forward Water Technologies Corp. (\"FWTC\" or the \"Company\") (TSXV:FWTC) is pleased to announce that it has closed its previously announced non-brokered offering of $1,025,000 principal amount of convertible debenture units (the \"Debenture Units\").The Debenture Units were each priced at $1,000, with each Debenture Unit consisting of (i) $1,000 principal amount of convertible debentures (the \"Convertible Debentures\") and (ii) 5,000 common share purchase warrants (\"Warrants\"). Each Warrant entitles the holder to acquire one common share of the Company (a \"Common Share\") at any time up to the 36-month anniversary of the date of issuance. The exercise price of the Warrants is $0.07 per Common Share if exercised on or before October 29, 2026, and $0.10 per Common Share thereafter. In addition, the Convertible Debentures include a pre-payment right in favour of the Company, exercisable at any time following October 29, 2026. The net proceeds of the offering will be used to fund operating expenses and general working capital of the Company.The Convertible Debentures will mature on October 29, 2028 (the \"Maturity Date\") and bear interest at 14% per annum, payable annually on the last business day of each year. Until the principal owing is paid, a holder shall have the option to convert the principal owing pursuant to the Convertible Debentures into common shares of the Company at a conversion price of $0.07 per share if converted on or before October 29, 2026, and at a conversion price of $0.10 thereafter, subject to customary adjustments. At the holder's option, the Company will apply to the TSX Venture Exchange for approval to convert accrued interest into Common Shares at the then prevailing market price, pursuant to the policies of the TSX Venture Exchange.The Company paid to certain finders, finders fees of $55,500 and issued 792,856 broker warrants to such finders. The broker warrants are non-transferable but otherwise have terms equivalent to the Warrants described above.Certain insiders of the Company participated in offering and subscribed for an aggregate of $125,000 of Debenture Units. Participation by insiders in the offering constituted a \"relate...