Forward Water Technologies has closed a non-brokered private placement, raising $462,000 from issuing 9,240,000 units at $0.05 per unit, with each unit comprising one common share and one common share purchase warrant. The warrants allow the holder to acquire a common share at $0.075 per share until October 20, 2026. Proceeds will support the company's strategic goals, including commercial development, customer expansion, and general working capital. CEO Howie Honeyman expressed gratitude for the support from key shareholders, management, and insiders in this funding round.
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