On October 23, 2023, Forward Water Technologies Corp. closed the transaction. The company amended the terms of the transaction and issued 9,240,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 462,000.

Firstline Venture Partners Corporation subscribed for a total of 3,000,000 units pursuant to the offering, Lea Ray subscribed for a total of 180,000 units pursuant to the offering and Grant Thornley subscribed for a total of 60,000 units pursuant to the offering. The transaction included participation from 11 placees and three insiders. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on September 27, 2023.