Forward Water Technologies Corp. (“Forward Water” or the “Company“) (TSXV:FWTC) announces that it has granted incentive stock options to the Company’s CEO, Howie Honeyman, to purchase 425,000 common shares in the Company’s stock at an exercise price of $0.1050(the “Options“) in accordance with the Company’s 10% rolling incentive stock option plan. The Options are exercisable for a period of five years expiring on January 19, 2028. The Options granted vest in one-third immediately, the second third on January 19the 2024 and the last third on January 19the2025.
About Forward Water Technologies Corp.
Forward Water is a publicly traded Canadian company dedicated to saving the planet’s water supply using its patented forward osmosis technology. The company was founded by Green Center Canada, a leading Canadian government-backed technology innovation center. The company’s technology enables the reduction of challenging waste streams while simultaneously returning fresh water for reuse or release to the surface. The company’s mandate is to focus on large-scale implementation of its technology across multiple sectors, including industrial wastewater, oil and gas, mining, agriculture, and ultimately municipal water supply and reuse market sectors. For more information please visit www.forwardwater.com.
Mr. Howie Honeyman, Ph.D., President and CEO
Forward Water Technologies Corp.
howie.honeyman@forwardwater.com
Phone: (519) 333-5888
For more information contact:
Kayla.ferderber@forwardwater.com
forward-looking statements
Certain statements contained in this press release constitute “forward-looking information” as that term is used in applicable Canadian securities laws. Forward-looking information is based on management’s plans, expectations and estimates as of the date the information is provided and is subject to certain factors and assumptions, including the ability to scale the technology and customer adoption of the technology. potentials.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in forward-looking statements include, but are not limited to: unanticipated operating events; the availability of capital on acceptable terms; the need to obtain the required approvals from regulatory authorities; stock market volatility, as well as other risks and uncertainties applicable to the Company, as described in the Company’s continuing disclosure filings filed under the Company’s profile at www.sedar.com. The Company does not undertake any obligation to update these forward-looking statements, except as required by applicable law.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results to not be as anticipated, estimated or anticipated. Accordingly, readers should not place undue reliance on forward-looking information.
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.
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