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Hope Well Capital Corp.* and Forward Water Technologies Inc. Announce Closing of $5.17 Million...

TORONTO, June 4, 2021 /CNW/ - Forward Water Technologies Inc. ("FWT") and Hope Well Capital Corp.* (TSXV: HOPE) ("HWCC" or the "Company") are pleased to announce the completion of FWT's first tranche of its brokered private placement of subscription receipts ("Subscription Receipts") at a price of $1.00 per Subscription Receipt for aggregate gross proceeds of $5,170,000 (the "Financing"). The Financing was led by Research Capital Corporation, as lead agent and sole book runner (the "Lead Agent"), on behalf of a syndicate of agents, including WD Capital Markets Inc. and Fraser Mackenzie Corporate Finance, a division of Waverley Corporate Financial Services Ltd. (together with the Lead Agent, the "Agents"). FWT anticipates completing a second tranche for additional gross proceeds of $1,000,000 within the next two weeks. Pursuant to the completion of the first tranche and the anticipated second tranche of its Financing, the aggregate gross proceeds to FWT is expected to be $6,170,000. Read full news article here


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