WINNIPEG, Manitoba and WATERLOO, Ontario, Aug. 31, 2024 (GLOBE NEWSWIRE) — FuelPositive Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company”) declares that it has closed a non-brokered personal placement (the Providing) and has issued 8,925,055 items (every, a Unit) at a price of $0.055 per Unit for gross proceeds of $490,878. Every Unit consists of 1 frequent share of the Firm, and one frequent share buy warrant exercisable at a price of $0.07 till August 29, 2029.
The Providing represents the ultimate tranche of the position beforehand introduced by the Firm on Could 28, 2024.
No finders’ charges or commissions had been paid in reference to completion of the Providing. All securities issued in reference to the Providing are topic to restrictions on resale till December 30, 2024 in accordance with relevant securities legal guidelines.
About FuelPositive Company
FuelPositive is a Canadian expertise firm devoted to delivering commercially possible and sustainable clear expertise options that comply with a round strategy, guaranteeing the whole lifecycle of our merchandise is environmentally pleasant. This consists of an on-farm/onsite, containerized Inexperienced Ammonia (NH3) manufacturing system that successfully eliminates carbon emissions in the course of the manufacturing course of.
By specializing in applied sciences which might be clear, sustainable, economically advantageous and realizable, the Firm goals to assist mitigate local weather change, addressing unsustainable agricultural practices by means of progressive expertise and sensible options that may be applied now. The FuelPositive on-farm/onsite, containerized Inexperienced Ammonia manufacturing system is designed to supply pure, anhydrous ammonia for a number of functions, together with fertilizer for farming, gasoline for grain drying and inside combustion engines, a sensible different for gasoline cells and an answer for grid storage. Inexperienced Ammonia can also be thought of a key enabler of the hydrogen financial system.
FuelPositive programs are designed to offer for Inexperienced Ammonia manufacturing on-farm/onsite, the place and when wanted. This eliminates wildly fluctuating provide chains and presents end-users clear fertilizer, vitality and Inexperienced Ammonia provide safety whereas eliminating carbon emissions from the manufacturing course of. The primary prospects might be farmers. Farmers use 80% of the normal gray ammonia produced immediately as fertilizer.
See buying particulars right here: https://fuelpositive.com/gross sales/.
FuelPositive Company relies in Waterloo and Manitoba (Canada) and trades on the TSX Enterprise Change below the image NHHH and within the USA on the OTCQB below the image NHHHF.
For additional data, please contact:
Ian Clifford
Co-Founder, Chief Government Officer and Board Chair
Ian@fuelpositive.com
Tel: 416.535.8395
www.fuelpositive.com
Jodee Mason
Senior Account Director
Counsel Public Affairs, Inc.
jmason@counselpa.com
Tel: 204.898.7183
www.counselpa.com
Investor Relations United States & Worldwide:
RB Milestone Group (RBMG)
fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
et@transcendcapitalinc.com
Cautionary Assertion
Trading within the securities of the Firm needs to be thought of extremely speculative. No inventory alternate, securities fee or different regulatory authority has accredited or disapproved the data contained herein. Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) settle for accountability for the adequacy or accuracy of this launch.
Ahead-Trying Statements
This information launch comprises sure forward-looking data and forward-looking statements (collectively, forward-looking statements) which might be primarily based on expectations, estimates and projections as of the date of this information launch. The knowledge on this launch about future plans and aims of the Firm, together with with respect to additional testing and implementation of the FP300 system, are forward-looking statements.
These forward-looking statements are primarily based on assumptions and estimates of administration of the Firm on the time they had been made and contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead-looking statements are essentially primarily based upon various estimates and assumptions that, whereas thought of affordable by the Firm as of the time of such statements, are inherently topic to vital enterprise, financial and aggressive uncertainties and contingencies. These estimates and assumptions might show to be incorrect.
Many of those uncertainties and contingencies can straight or not directly have an effect on and will trigger, precise outcomes to vary materially from these expressed or implied in any forward-looking statements. There will be no assurance that forward-looking data will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements.
Ahead-looking data is supplied to offer details about administration’s expectations and plans referring to the long run. The Firm disclaims any intention or obligation to replace or revise any forward-looking data or to clarify any materials distinction between subsequent precise occasions and such forward-looking data, besides to the extent required by relevant legislation.
Supply: FuelPositive Corp.