Fraser Mackenzie Accelerator Corp

TSXV:FMAC.PCanada

Sep 12, 2024

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• Fraser Mackenzie Accelerator Corp. Announces Closing of First Tranche of Private Placement, from 7:31AM ET on Thursday Sep 12, 2024 by Newsfile

  7:31AM ET on Thursday Sep 12, 2024 by Newsfile
  Companies Mentioned: FWTC, FMAC.P

  Toronto, Ontario--(Newsfile Corp. - September 12, 2024) - Fraser Mackenzie Accelerator Corp. (TSXV: FMAC.P) (the "Company" or "FMAC") is pleased to announce that it has closed the first tranche of its previously announced private placement of subscription receipts of the Company (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 "IssuePrice") 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 Qualifying Transaction (as such term is defined in the policies of the TSX Venture Exchange ("TSXV")) (the "Qualifying Transaction") proposed to be completed by the Company and Forward Water Technologies Corp. ("FWTC"), further details of which may be found in the prior news releases of the Company, including the most recent news release of the Company dated July 22, 2024.

• Fraser Mackenzie Accelerator Corp. Announces Closing of First Tranche of Private Placement -2-, from 7:31AM ET on Thursday Sep 12, 2024 by Dow Jones

  7:31AM ET on Thursday Sep 12, 2024 by Dow Jones
  Companies Mentioned: FMAC.P
  
  as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Parties. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the respective management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.