Thu Sep 12 00:06:57 UTC 2024: ## Forward Water Technologies Corp. to Acquire Fraser Mackenzie Accelerator Corp.

**TORONTO, ON – September 12, 2024** – Forward Water Technologies Corp. (FWTC) (TSXV:FWTC) announced today that it has entered into a definitive agreement to acquire Fraser Mackenzie Accelerator Corp. (FMAC). The transaction, which is expected to close on or about September 30, 2024, will see FMAC shareholders receive 0.95 common shares of FWTC for each FMAC share held.

FMAC is a capital pool company listed on the TSXV. Upon completion of the transaction, FMAC will become a wholly-owned subsidiary of FWTC.

FWTC is a Canadian company focused on saving the earth’s water supply using its patented Forward Osmosis technology. The company plans to use the proceeds from the acquisition to expand its operations and further develop its technology.

“This acquisition is a significant step forward for FWTC,” said C. Howie Honeyman, CEO of FWTC. “It will allow us to accelerate our growth plans and bring our innovative water treatment technology to a wider market.”

The transaction is subject to the satisfaction of customary closing conditions, including TSXV approval.

**About 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’s technology allows for the reduction of challenging waste streams while simultaneously returning fresh water for re-use or surface release. FWTC’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.

**About Fraser Mackenzie Accelerator Corp.**

Fraser Mackenzie Accelerator Corp. is a capital pool company that completed its initial public offering on February 22, 2023. The FMAC Shares are listed for trading on the TSXV under the stock symbol FMAC.

**Disclaimer:** This news article is based on the provided text and is intended to summarize the key information. It is not financial advice and should not be considered as such. Please consult with a qualified financial professional for investment advice.

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