An announcement from Forward Water Technologies Corp ( (TSE:FWTC) ) is now available.
Forward Water Technologies Corp. has announced a shares for debt transaction to settle $9,453.40 of interest by issuing 115,285 common shares to Green Centre Canada at a price of $0.082 per share. This transaction, subject to Canadian securities law exemptions and a four-month hold period, reflects the company’s strategic financial management and strengthens its relationship with Green Centre Canada, potentially impacting its operational and market positioning positively.
More about Forward Water Technologies Corp
Forward Water Technologies Corp. is a publicly traded Canadian company specializing in water conservation through its patented Forward Osmosis technology. The company focuses on reducing waste streams while reclaiming fresh water for reuse across various sectors, including industrial wastewater, oil and gas, mining, agriculture, and municipal water supply. It was founded by GreenCentre Canada and is also exploring R&D in food and beverage process stream treatment.
YTD Price Performance: -12.50%
Average Trading Volume: 54,087
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.19M
For an in-depth examination of FWTC stock, go to TipRanks’ Stock Analysis page.