FuelPositive Closes Final Tranche of Private Placement
August 31 2024 - 7:01PM
FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the
"Company") announces that it has closed a non-brokered private
placement (the “
Offering”) and has issued
8,925,055 units (each, a “
Unit”) at a price of
$0.055 per Unit for gross proceeds of $490,878. Each “Unit”
consists of one common share of the Company, and one common share
purchase warrant exercisable at a price of $0.07 until August 29,
2029.
The Offering represents the final tranche of the
placement previously announced by the Company on May 28, 2024.
No finders’ fees or commissions were paid in
connection with completion of the Offering. All securities
issued in connection with the Offering are subject to restrictions
on resale until December 30, 2024 in accordance with applicable
securities laws.
About FuelPositive Corporation
FuelPositive is a Canadian technology company
dedicated to delivering commercially feasible and sustainable clean
technology solutions that follow a circular approach, ensuring the
entire lifecycle of our products is environmentally friendly. This
includes an on-farm/onsite, containerized Green Ammonia (NH3)
production system that effectively eliminates carbon emissions
during the production process.
By focusing on technologies that are clean,
sustainable, economically advantageous and realizable, the Company
aims to help mitigate climate change, addressing unsustainable
agricultural practices through innovative technology and practical
solutions that can be implemented now. The FuelPositive
on-farm/onsite, containerized Green Ammonia production system is
designed to produce pure, anhydrous ammonia for multiple
applications, including fertilizer for farming, fuel for grain
drying and internal combustion engines, a practical alternative for
fuel cells and a solution for grid storage. Green Ammonia is also
considered a key enabler of the hydrogen economy.
FuelPositive systems are designed to provide for
Green Ammonia production on-farm/onsite, where and when needed.
This eliminates wildly fluctuating supply chains and offers
end-users clean fertilizer, energy and Green Ammonia supply
security while eliminating carbon emissions from the production
process. The first customers will be farmers. Farmers use 80% of
the traditional grey ammonia produced today as fertilizer.
See purchasing details
here: https://fuelpositive.com/sales/.
FuelPositive Corporation is based in Waterloo and
Manitoba (Canada) and trades on the TSX Venture Exchange under the
symbol NHHH and in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian CliffordCo-Founder, Chief Executive Officer and
Board
ChairIan@fuelpositive.comTel: 416.535.8395www.fuelpositive.com
Jodee MasonSenior Account DirectorCounsel
Public Affairs,
Inc.jmason@counselpa.comTel: 204.898.7183www.counselpa.com
Investor Relations United States &
International:RB Milestone Group
(RBMG)fuelpositive@rbmilestone.com
Investor Relations Canada:Transcend Capital Inc.
et@transcendcapitalinc.com
Cautionary Statement
Trading in the securities of the Company should be
considered highly speculative. 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) accept
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking
information” and “forward-looking statements” (collectively,
“forward-looking statements”) that are based on expectations,
estimates and projections as of the date of this news release. The
information in this release about future plans and objectives of
the Company, including with respect to further testing and
implementation of the FP300 system, are forward-looking
statements.
These forward-looking statements are based on
assumptions and estimates of management of the Company at the time
they were made and involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by the Company as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can
directly or indirectly affect and could cause, actual results to
differ materially from those expressed or implied in any
forward-looking statements. There can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements.
Forward-looking information is provided to provide
information about management’s expectations and plans relating to
the future. The Company disclaims any intention or obligation to
update or revise any forward-looking information or to explain any
material difference between subsequent actual events and such
forward-looking information, except to the extent required by
applicable law.
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