Forward Water Technologies Corp. Announces Update to Previously Disclosed Shares for Debt Settlement

About this update from Forward Water Technologies Corp

TORONTO, June 19, 2026 /CNW/ - Forward Water Technologies Corp. ("FWTC" or the "Company") (TSXV: FWTC) announces updated terms regarding its previously announced shares for debt transaction. Further to the Company's press release dated May 29, 2026 (the "Prior Release"), the Company has arranged to settle an aggregate of $9,000.00 of interest (the "Indebtedness"). Pursuant to the revised shares for debt settlement, FWTC proposes to issue 180,000 common shares in the capital of FWTC (the "Settlement Shares") at a deemed price of $0.05 per share to Queen's University at Kingston. This announcement amends the terms disclosed in the Prior Release in order to comply with the pricing policies of the TSX Venture Exchange, which required the deemed price to be adjusted to $0.05 per share. Additionally, the Company notes that the creditor for the Indebtedness has been updated from GreenCentre to Queen's University at Kingston. It is proposed that the Settlement Shares will be issued subject to prospectus exemptions available pursuant to Canadian securities law and will be subject to a hold period which will expire on the date that is four months and one day following the date of issuance. The issuance of the Settlement Shares remains subject to the approval of the TSX Venture Exchange.. About Forward Water Technologies Corp. Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. In addition, the Company has initiated early stage R&D for the treatment of food and beverage process streams. For more information, please visit www.forwardwater.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) ...

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