Forward Water Technologies Corp. announced a non brokered private placement of up to 10,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on September 27, 2023. Each Unit will consist of one common share and one warrant each Warrant entitling the holder thereof to acquire an additional common share at an exercise price of CAD 0.075 per Warrant Share for a period of 36 months from the date of issuance.

The transaction may include participation from certain insiders. The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four month and one day hold period, in accordance with applicable securities laws.