CORRECTION BY SOURCE: Forward Water Technologies Corp. Closes Private Placement of Convertible Debentures
CORRECTION BY SOURCE: Forward Water Technologies Corp. Closes Private Placement of Convertible Debentures
Forward Water Technologies Corp. (" FWTC ") (TSXV:FWTC), announces that the original news release captioned "Forward Water Technologies Corp. Closes Private Placement of Convertible Debentures" published on August 21, 2024 referred, incorrectly, to the date on which the hold period applicable to the securities issued under the financing expires. The date was referenced as August 19, 2026 and it should have read December 20, 2024.
Forward Water Technologies Corp. ("FWTC")(TSXV:FWTC)宣布,原2024年8月21日发布的题为"Forward Water Technologies Corp. Closes Private Placement of Convertible Debentures"的新闻稿错误地提到了有关融资下发行的证券的持有期限到期日。该日期被错误地写作2026年8月19日,实际上应该是2024年12月20日。
Not for distribution to U.S. news wire services or for dissemination in the United States.
不得在美国新闻电线服务或在美国传播。
TORONTO, ON / ACCESSWIRE / August 22, 2024 / Forward Water Technologies Corp. (" FWTC ") (TSXV:FWTC) is pleased to announce that it has closed an issuance of $200,000 principal amount of unsecured convertible debentures. The debentures bear interest at a rate of 10% per annum and the principal amount is automatically convert into units ("Units") at a conversion price of $0.1126 (assuming completion of the proposed 10 for 1 consolidation of FWTC common shares (the "Consolidation")) on completion of the proposed business combination with Fraser Mackenzie Accelerator Corp. ("FMAC") (see press releases dated May 14, 2024 and July 22, 2024 announcing the proposed transaction). Each Unit will be comprised of one common share of FWTC and one common share purchase warrant ("Warrant") entitling the holder to purchase one common share of FWTC (a "Warrant Share") at a post-Consolidation exercise price of $0.1579 at any time prior to August 19, 2027. All interest will be paid in cash only
TORONTO, ON / ACCESSWIRE / 2024年8月22日 / Forward Water Technologies Corp. ("FWTC")(TSXV:FWTC)很高兴地宣布已经完成了200,000美元无担保可转换债券的发行。债券的利率为年利率10%,本金金额将在完成与Fraser Mackenzie Accelerator Corp. ("FMAC")的拟议业务合并(请参阅2024年5月14日和2024年7月22日公布的有关拟议交易的新闻稿)后,以0.1126美元的转换价格自动转换为单位("Units")。每个单位将由一股FWTC普通股和一张普通股购股权证("Warrant")组成,持有人有权以每股0.1579美元的发行后行权价在2027年8月19日之前的任何时间购买一股FWTC普通股("Warrant Share")。利息将以现金支付。
In connection with the transaction a finder was paid an 8% finders fee and was issued 142,096 finder warrants that entitle the finder to acquire one common share of FWTC and one half of one Warrant (with the same terms as the Warrants described above) at a price of $0.1126 at any time on or before August 19, 2026.
与交易有关,找到者得到了8%的找到者费,并发行了142,096个找到者认股权证,准许找到者以0.1126美元的价格在2026年8月19日之前的任何时间购买FWTC的一股普通股和一半的认股权证(具有与上述认股权证相同的条款)
All securities issued pursuant to the financing are subject to a hold period of four months and one day expiring on December 20, 2024.
所有根据融资发行的证券受限于一个持有期限,期限为4个月加一天,将于2024年12月20日到期。
About Forward Water Technologies Corp.
关于Forward Water Technologies Corp.
Forward Water Technologies Corp. (TSX.V:FWTC) is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, DLE, mining, agriculture and ultimately municipal water supply and re-use market sectors.
Forward Water Technologies Corp. (TSX.V:FWTC)是一家公开交易的加拿大公司,致力于利用其专利的前向渗透技术来节省地球的水资源。该公司由加拿大政府支持的领先技术创新中心GreenCentre Canada创立。该公司的技术可以同时减少具有挑战性的废水并将淡水用于再利用或表面排放。该公司的任务是将其技术在多个领域进行大规模推广应用,包括工业废水、石油和天然气、DLE、采矿、农业以及最终的市政水供应和再利用市场部门。
FWTC has immediate plans to treat brine from the direct lithium extraction (DLE) sector using is mobile pilot equipment this summer in conjunction with its partners. This project will establish FWTC's iFOTM technology as a valuable component in producing lithium carbonate from aquifer sourced brines for use in applications such as electric vehicle (EV) battery production.
FWTC计划与合作伙伴合作,于今年夏季使用其移动试点设备处理直接锂萃取(DLE)行业的卤水。该项目将确立FWTC的iFOTm技术为从地下水源卤水中生产锂碳酸盐的有价值组成部分,用于电动汽车(EV)电池生产等应用。
In addition, the Company has initiated early-stage R&D for the treatment of food and beverage process streams.
此外,公司已启动早期阶段的研发,用于处理食品和饮料生产过程中的废水。
For more information, please visit .
有关更多信息,请访问。
Contact Information:
联系方式:
Forward Water Technologies Corp.
C. Howie Honeyman, Chief Executive Officer
E-mail: howie.honeyman@forwardwater.com
Telephone: (519) 333-5888
Forward Water Technologies Corp.
C. Howie Honeyman,首席执行官
邮箱: howie.honeyman@forwardwater.com
电话:(519)333-5888
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
TSX Venture交易所及其监管服务提供方(如TSX Venture Exchange的政策所定义的)对此新闻发布的充分性或准确性不负任何责任。
Caution Concerning Forward Looking Information
关于前瞻性信息的注意事项
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements concerning the proposed transaction with FMAC, the Consolidation, the ability of FWTC and FMAC to meet the conditions of the proposed transaction in the required timeframes, obtaining the necessary exemptions and approvals from the TSX Venture Exchange or other regulatory bodies, including the business, name and function of the resulting issuer and certain financial information and forecasts. FWTC cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of FWTC, including expectations and assumptions concerning FWTC, FMAC, the resulting issuer, the proposed transaction, the timely receipt of all required shareholder and regulatory approvals (as applicable), including the acceptance of the TSX Venture Exchange, the satisfaction of other closing conditions in accordance with the terms of the definitive agreement for the proposed transaction, as well as other risks and uncertainties, including those described in FWTC and FMAC's respective disclosure documents available on SEDAR+ at . The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of FWTC. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
本新闻稿包含前瞻性声明和前瞻性信息(统称为“前瞻性声明”),根据适用的证券法所定义。本新闻稿中的任何不属于历史事实的陈述都可能被视为前瞻性声明。前瞻性声明通常通过诸如“可能”、“应该”、“预计”、“将”、“估计”、“相信”、“打算”、“期望”等表达方式来标识前瞻性声明的。“尤其并且无限制地,本新闻稿中包含与与FMAC的拟议交易、整合、FWTC和FMAC能否及时满足拟议交易的条件、取得TSX Venture交易所或其他监管机构的必要豁免和批准、包括产生的发行人的业务、名称和功能以及某些财务信息和预测等相关的前瞻性声明。FWTC提醒,所有前瞻性声明都具有固有的不确定性,实际业绩可能受到许多重大因素、假设和期望的影响,其中许多因素是FWTC无法控制的,包括对FWTC、FMAC、产生的发行人、拟议交易的期望和假设、按照拟议交易的最终协议的条款及符合其他交割条件的时间收到所有必要的股东和监管批准(如适用),包括接受TSX Venture交易所的批准,以及其他风险和不确定性,包括在SEDAR+的FWTC和FMAC各自披露文件中所描述的风险和不确定性。读者被警告,在任何前瞻性声明的准备过程中使用的假设可能被证明是错误的。事件或情况可能会导致由许多已知和未知的风险、不确定性和其他因素引起的实际结果与预测结果不一致,其中许多因素是FWTC无法控制的。读者被告知不要过度依赖任何前瞻性声明。尽管在准备时由管理层认为合理,但这些信息可能被证明是错误的,实际结果可能与预期结果有很大的不同。本新闻稿中包含的前瞻性声明特此受到此警示性声明的明确限定。
The forward-looking statements contained in this press release are made as of the date of this press release, and FWTC does not undertake to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
此新闻稿中的前瞻性声明是根据发布日期发布的,FWTC不承诺公开更新或修订任何已包含的前瞻性声明,除非根据证券法明确要求。
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
本新闻稿不构成在任何司法管辖区域内出售或购买任何证券的要约或邀请。
SOURCE: Forward Water Technologies Inc.
来源:Forward Water Technologies Inc。