Forward Water Technologies Corp. Announces Shares for Debt Settlement

Executive Summary

• Forward Water Technologies Corp. is settling $9,000 of accrued interest by issuing 143,312 common shares to Green Centre Canada at a deemed price of $0.0628 per share.
• The settlement shares are subject to prospectus exemptions and a hold period that expires four months and one day after issuance; TSX Venture Exchange approval is required.
• This transaction provides a non‑cash means to extinguish the indebtedness while preserving cash for ongoing operations.

Key Details

• Indebtedness settled: $9,000 of interest accrued on existing debt.
• Settlement mechanism: Shares‑for‑debt; issuance of 143,312 common shares (“Settlement Shares”).
• Deemed share price: $0.0628 per share (aggregate value ≈ $9,000).
• Counterparty: Green Centre Canada (founder and technology partner).
• Regulatory treatment: Issuance to be made under Canadian securities law prospectus exemptions; subject to TSX Venture Exchange approval.
• Hold period: Settlement Shares will be restricted until a date that is four months and one day after issuance.
• Purpose: To settle interest obligations without cash outlay, thereby maintaining liquidity for the Company’s water‑technology projects.

Notable Quotes

(No direct quotes were included in the release.)