Forward Water Technologies Corp. Announces Increase to Size of Non-Brokered Private Placement Closing Date and Extension of Closing Date

Executive Summary

• Forward Water Technologies Corp. obtained TSX‑V consent to increase its convertible debenture offering size to $1,025,000 (up from $750,000) and extend the closing date to November 4, 2025.
• The private placement will issue Debenture Units at $1,000 each, comprising a $1,000 convertible debenture plus 5,000 common share purchase warrants per unit.
• Proceeds are earmarked to fund ongoing operations and general working capital; insiders are expected to subscribe for at least 25 % of the offering.

Key Details

• Offering Size: Increased to $1,025,000 (previously $750,000).
• Unit Structure: Each Debenture Unit = $1,000 principal convertible debenture + 5,000 warrants.
• Warrant Terms:
• Exercise price $0.07 per share if exercised ≤ 1 year from issuance; $0.10 thereafter.
• exercisable up to the 36‑month anniversary of issuance.
• Interest & Maturity: 14% annual interest, payable annually; maturity 36 months from issuance.
• Conversion Price: $0.07 per share during first year, $0.10 thereafter (subject to customary adjustments).
• Pre‑payment Right: Company may pre‑pay after 12 months from issuance.
• Finder’s Fees: Up to 6% of amount raised for investors identified by finders; corresponding broker warrants equal to 6% of shares issuable on conversion.
• Insider Participation: Insiders expected to subscribe for ≥ 25 % of the offering; treated as a related‑party transaction under MI 61‑101 with reliance on exemption thresholds.
• Closing Conditions: Subject to corporate and regulatory approvals, including TSX‑V approval; securities subject to statutory hold period of four months plus one day.
• Use of Proceeds: To support ongoing operations and general working capital.

Notable Quotes

(No direct quotes were included in the release.)