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Forward Water Technologies Corp ( (TSE:FWTC) ) has issued an announcement.
Forward Water Technologies Corp. has successfully closed a non-brokered private placement of $1,025,000 in convertible debenture units. The funds raised will be used to support the company’s operating expenses and general working capital. This financial move is expected to bolster the company’s operations and enhance its market position in the water technology sector.
More about Forward Water Technologies Corp
Forward Water Technologies Corp. is a Canadian company focused on water conservation through its patented Forward Osmosis technology. The company aims to reduce waste streams while reclaiming fresh water for reuse, targeting sectors such as industrial wastewater, oil and gas, mining, agriculture, and municipal water supply.
Average Trading Volume: 35,953
Technical Sentiment Signal: Sell
Current Market Cap: C$3.23M
For a thorough assessment of FWTC stock, go to TipRanks’ Stock Analysis page.