Forward Water Technologies Announces June 30, 2024 Financial Results

Forward Water Technologies Announces June 30, 2024 Financial Results

Forward Water Technologies Corp. (TSXV:FWTC) (the "Company") is pleased to announce that it has filed its condensed consolidated interim financial statements and related management's discussion and analysis for the three months ended June 30, 2024 (fiscal year Q1, 2025). Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile at www.sedarplus.ca. All financial information in this news release is reported in Canadian dollars, unless otherwise indicated

Three Months Ended June 30, 2024 Financial Highlights

  • Revenue was $8,895 for the three months ended June 30, 2024, compared to $3,349 in the prior period in 2023.

  • Total expenses were $251,350 for the three months ended June 30, 2024, compared to $630,251 a decrease of $378,901 or 60% compared to the same period in 2023.

  • Net loss and comprehensive loss were $261,950 for the year ended June 30, 2024, compared to a loss of $596,477, a reduction of $344,527 or 60% for the same period in 2023.

  • Basic and diluted loss per share were $0.00 and $0.01 for the same period in 2023.

Operating Highlights and Recent Corporate Developments

  • On May 14, 2024, the Company announced that it had entered into a letter of intent dated May 13, 2024, which outlines the general terms and conditions of a proposed business combination, by way of an amalgamation, arrangement, or other similar form of transaction, which will result in Fraser Mackenzie Accelerator Corp ("FMAC") becoming a wholly-owned subsidiary of FWTC.

  • On May 24, 2024, the Company announced that it closed the issuance of the $225,000 of debentures.

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Forward Water Technologies Corp. and Fraser Mackenzie Accelerator Corp. announce Closing of Business Combination

Forward Water Technologies Corp. and Fraser Mackenzie Accelerator Corp. announce Closing of Business Combination

Toronto, Ontario // ACCESSWIRE // September 30, 2024 - Forward Water Technologies Corp. ("FWTC") (TSXV:FWTC) and Fraser Mackenzie Accelerator Corp ("FMAC") (TSXV: FMAC.P) are pleased to announce the successful closing of their previously announced business combination (the "Transaction"). The combined company will continue to conduct the business operated by FWTC.

Summary of the Transaction

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Forward Water Technologies Corp. Announces Share Consolidation Effective Date

Forward Water Technologies Corp. Announces Share Consolidation Effective Date

Not for distribution to U.S. news wire services or for dissemination in the United States.

Forward Water Technologies Corp. ("FWTC" or the "Company") (TSXV:FWTC) is pleased to announce that, further to its previous press release relating to the business combination with Fraser Mackenzie Accelerator Corp., the consolidation of the outstanding common shares of the Company (each, a "Common Share") on the basis of one post-Consolidation Common Share for every ten pre-Consolidation Common Shares is anticipated to be made effective for trading purposes at the opening on September 27, 2024 (the "Effective Date"). It is anticipated that the Common Shares will begin trading on the TSX Venture Exchange on a post-Consolidation basis at market open on the Effective Date. The new CUSIP of the Common Shares will be 34988A201 and the new ISIN will be CA34988A2011

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Fraser Mackenzie Accelerator Corp. Announces Closing of First Tranche of Private Placement

Fraser Mackenzie Accelerator Corp. Announces Closing of First Tranche of Private Placement

Not for distribution to U.S. news wire services or for dissemination in the United States.

Forward Water Technologies Corp. ("FWTC") (TSXV:FWTC) is pleased to announce that, Fraser Mackenzie Accelerator Corp. ("FMAC") today announced that closed the first tranche of its previously announced private placement of subscription receipts of FMAC (the "Subscription Receipts"), consisting of the issuance of an aggregate of 12,292,923 Subscription Receipts at a price of C$0.107 per Subscription Receipt (the "Issue Price") for aggregate gross proceeds of C$1,315,342.76 (the "Offering"). The Offering was completed in connection with the previously-announced arm's length transaction (the "Transaction") proposed to be completed by FMAC and FWTC, further details of which may be found in the prior news releases of FWTC, including the most recent news release of FWTC relating to the Transaction dated July 22, 2024

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Forward Water Technologies Corp. Announces Filing of its Management Information Circular in Connection with its Annual and Special Meeting of Shareholders

Forward Water Technologies Corp. Announces Filing of its Management Information Circular in Connection with its Annual and Special Meeting of Shareholders

Not for distribution to U.S. news wire services or for dissemination in the United States.

Forward Water Technologies Corp. ("FWTC") (TSXV:FWTC) is pleased to announce that, further to the news releases dated May 14, 2024 announcing the proposed business combination between FWTC and Fraser Mackenzie Accelerator Corp. ("FMAC") (the "Business Combination") and July 22, 2024 announcing that FWTC and FMAC had entered into a definitive agreement related to such transaction, FWTC will hold its annual and special meeting of shareholders (the "Meeting") to seek approval of, among other things, the Business Combination

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Forward Water Technologies Corp. Closes Private Placement of Convertible Debentures

Forward Water Technologies Corp. Closes Private Placement of Convertible Debentures

Not for distribution to U.S. news wire services or for dissemination in the United States.

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

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Cypher Metaverse

Cypher Metaverse Inc. Announces Closing of Financing

Cypher Metaverse Inc. ("Cypher" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces it has completed its previously announced non-brokered private placement (the "Financing"). The Company raised proceeds on this final tranche of $5,100 through the sale of 60,000 Units.

The Company raised a total of $159,525.20, and issued a total of 1,876,767 Units pursuant to the Financing.

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Troy Minerals Initiates Field Program at Table Mountain Silica Project

Troy Minerals Initiates Field Program at Table Mountain Silica Project

(TheNewswire)

Troy Minerals Inc.

Troy Minerals Inc. (" Troy " or the " Company " ) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) i s pleased to announce the commencement of a comprehensive field reconnaissance, mapping, and geochemical sampling program at its Table Mountain Silica Project near Golden, British Columbia.

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NorthStar Gaming Unveils Sports Insights 2.0

NorthStar Gaming Unveils Sports Insights 2.0

Enhanced content and added features strengthen a key NorthStar Bets differentiator

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") today announced the launch across all NorthStar Bets online and mobile betting platforms of "Sports Insights 2.0," a robust set of enhancements and new features added to its industry-leading content vertical.

Sports Insights is a key differentiating feature that supports NorthStar's position as a premium brand and industry leader at the intersection of iGaming and media. A key pillar of Sports Insights' content offering is analysis of upcoming events, betting strategies, predictions and tips, with original articles produced daily by the Company's in-house team of sports writers. As announced this past February, NorthStar embarked on a significant enhancement of Sports Insights with upgrades and new features rolled out throughout 2024.

"Sports Insights 2.0 has been a major focus for our team this year and we are thrilled to share these new features with our customers," said Michael Moskowitz, Chair and CEO of NorthStar. "Players have told us they place a high value on the ability to access quality, in-depth stats and information seamlessly within our betting environment. This differentiates us from competing platforms that continue to require players to use multiple apps to access the same information. The added content should keep our players engaged and help them make informed betting decisions."

Highlights of new features and tools introduced for Sports Insights 2.0 include:

  • A redesigned home page offering an improved user experience, a three-story rotating carousel showcasing the most important content, articles grouped by topic (MLB, NFL, casino, etc.) and a "Live Now" strip promoting live betting markets and other promotional priorities.

  • More casino content, including tips, strategies, game reviews and casino lifestyle articles.

  • A comprehensive suite of team and player statistics for major league sports including football, baseball, hockey, and basketball.

  • Enhanced coverage of popular betting sports such as soccer, NCAA football and CFL.

  • Injury and player news feeds for NFL, MLB, NBA and NHL from industry leader RotoWire.

Sports Insights has proven to be a valuable driver of player engagement and betting activity, with many players reading articles and consuming stats and injury news prior to placing their bets. Frequent Sports Insights visitors, in comparison to non-readers, generate 118% higher average deposits, 58% higher average casino turnover, and 110% higher average sports turnover.1

Sports Insights content is regularly distributed across social media (@NorthStarBet) and through third-party media partners, and serves as an important acquisition and retention tool for NorthStar Bets. To view Sports Insights content, please visit www.northstarbets.ca/sportsbook/news.

Following the completion of this milestone, the Company will continue to make incremental enhancements to Sports Insights based on ongoing user feedback and an evolving product roadmap.

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About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 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 press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains "forward-looking information" within the meaning of applicable securities laws in Canada ("forward-looking statements"), including without limitation, statements with respect to the following: expected performance of the Company's business, expected benefits of the introduction of product innovations, and player engagement levels. The foregoing are provided for the purpose of presenting information about management's current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company's anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management's opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company's business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the "Risk Factors" section of the Company's most recent annual information form, which is available under NorthStar's profile on SEDAR+ at www.sedarplus.com. Many of these risks are beyond the Company's control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:
Corey Goodman
Chief Development Officer
647-530-2387
investorrelations@northstargaming.ca

Investor Relations:
RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

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Hempalta Corp. Confirms Business Strategy Execution and Responds to Increased Stock Trading Volume

Hempalta Corp. Confirms Business Strategy Execution and Responds to Increased Stock Trading Volume

Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company") today confirmed ongoing execution of its business strategy and responded to recent trading activity.

Business Strategy Update

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Troy Minerals Completes Infill Soil Sampling at Lac Jacques

Troy Minerals Completes Infill Soil Sampling at Lac Jacques

(TheNewswire)

Troy Minerals Inc.

Troy Minerals Inc. (" Troy " or the " Company " ) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce the results of the 2024 soil geochemical survey on the Lac Jacques rare earth element (REE) property. The 100% owned Lac Jacques property is located approximately 250km north of Montreal Quebec, Canada and approximately 40km northeast of the town of St. Anne du Lac (Figure 1).

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TSX Venture Exchange Stock Maintenance Bulletins

TSX Venture Exchange Stock Maintenance Bulletins

TSX VENTURE COMPANIES

BULLETIN V2024-2937

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Forward Water Technologies

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