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Financings Neutral

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

By The Northwire Desk — AI Analysis Jun 19, 2026 · 17:00 FWTC · 0.045 Forward Water Technologies Corp.
FWTC · Price

Executive Summary

  • Forward Water Technologies Corp. has updated the terms of its previously announced debt-for-equity settlement to comply with TSX Venture Exchange pricing policies.
  • The company will issue 180,000 common shares at a deemed price of $0.05 per share to settle $9,000.00 of accrued interest.
  • The creditor for the indebtedness has been updated from GreenCentre to Queen's University at Kingston, with the transaction remaining subject to TSXV approval.

Key Details

  • Transaction Type: Debt-for-equity settlement (shares for debt)
  • Debt Amount Settled: $9,000.00 of interest
  • Shares to be Issued: 180,000 common shares in the capital of FWTC
  • Deemed Price: $0.05 per share
  • Creditor/Recipient: Queen's University at Kingston (updated from GreenCentre)
  • Regulatory Compliance: Terms amended to comply with TSX Venture Exchange pricing policies
  • Conditions Precedent: Subject to TSX Venture Exchange approval and available prospectus exemptions under Canadian securities law
  • Hold Period: 4 months and 1 day following the date of issuance
  • Prior Reference: Amends and updates terms disclosed in the company's press release dated May 29, 2026.
Read the original news release →

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