Forward Water Technologies Corp. Announces Closing of Non-Brokered Private Placement of $1,025,000 of Debenture Units

Executive Summary

• Forward Water Technologies Corp. closed its non‑brokered offering of $1,025,000 principal amount of convertible debenture units priced at $1,000 each.
• Each unit includes a $1,000 convertible debenture (14% annual interest, maturing 2028) and 5,000 common share purchase warrants (exercise price $0.07 until 2026‑10‑29, then $0.10).
• Net proceeds will be used to fund operating expenses and general working capital.

Key Details

• Offering Size: $1,025,000 principal amount of convertible debenture units.
• Unit Structure:
• $1,000 principal convertible debenture.
• 5,000 common share purchase warrants per unit.
• Pricing: $1,000 per Debenture Unit.
• Warrant Terms:
• Exercise price $0.07 per Common Share if exercised on or before 2026‑10‑29.
• Exercise price $0.10 thereafter.
• exercisable up to the 36‑month anniversary of issuance.
• Debenture Terms:
• Interest rate: 14% per annum, payable annually (last business day of each year).
• Maturity date: 2028‑10‑29.
• Conversion price: $0.07 per share if converted on or before 2026‑10‑29; $0.10 thereafter (subject to adjustments).
• Pre‑payment right exercisable by the Company after 2026‑10‑29.
• Interest Conversion Option: Holder may elect for the Company to apply to the TSX Venture Exchange to convert accrued interest into Common Shares at prevailing market price.
• Finder Compensation: $55,500 paid to certain finders; 792,856 broker warrants issued to them (non‑transferable, same terms as other warrants).
• Insider Participation: Insiders subscribed for $125,000 of Debenture Units; treated as a related‑party transaction under MI 61‑101 with exemptions applied.
• Statutory Hold Period: Securities subject to a four‑month plus one day hold period from issuance (effective 2026‑03‑01).
• Use of Proceeds: Funding operating expenses and general working capital of the Company.

Notable Quotes

(No direct quotes were included in the release.)