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Forward Water Technologies Corp V.FWTC

Forward Water Technologies Corp. is a Canada-based company, which is engaged in the commercialization of its forward osmosis technology. The technology allows businesses to clean their wastewater that would otherwise require costly disposal. The Company is focused on the implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately, municipal water supply and re-use market sectors. In addition, the Company has initiated early-stage research and development (R&D) for the treatment of food and beverage process streams. The Forward Osmosis (FO) is a natural membrane process found in nature capable of extracting pure water from impure sources. Its services include lab & pilot plant services, operation services and mobile FO services. It serves various industries, including Industries lithium, mining, brine management, oil & gas and Zero-Liquid Discharge (ZLD) and Minimal Liquid Discharge (MLD).


TSXV:FWTC - Post by User

Post by Roddiggition Sep 08, 2022 6:58pm
150 Views
Post# 34950838

Insider / Institutional Holdings at 67% For FWTC

Insider / Institutional Holdings at 67% For FWTC
Insider/Institutional Holdings Breakdown From Todays Information Circular:
 
Institutions
GreenCentre Canada -14,668,560
Sustainable Chemistry Alliance - 26,644,295
FirstLine Venture Partners Corp  26,644,295
 
Management
Howie Honeyman - 2,596,820
Wayne Maddever - 242, 000
Lea Ray - 110,000
 
Total Shares Held - 70,905,970 out of 106,103,098 or 67% of the float.
 
To the best of the knowledge of the directors and senior officers of the Company, no person holds, directly or indirectly, or exercises control or direction, over more than 10% of the issued and outstanding Common Shares of the Company other than: (i) GreenCentre Canada which has ownership and control of 14,668,560 Common Shares that represent approximately 13.8% of the issued and outstanding Common Shares (calculated on a non-diluted basis), (ii) Sustainable Chemistry Alliance which has ownership and control of 26,644,295 Common Shares that represent approximately 25.1% of the issued and outstanding Common Shares (calculated on a non-diluted basis) and (iii) FirstLine Venture Partners Corporation which has ownership and control of 26,644,295 Common Shares that represent approximately 25.1% of the issued and outstanding Common Shares (calculated on a non-diluted basis)
 
The Company's authorized capital consists of an unlimited number of common shares ("Common Shares") without par value, each share carrying the right to one vote, of which 106,103,098 Common Shares are issued and outstanding as at August 23, 2022 (the "Record Date"). The Company has no other classes of shares.
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