FuelPositive Closes Closing Tranche of Personal Placement

Article content material

WINNIPEG, Manitoba and WATERLOO, Ontario, Aug. 31, 2024 (GLOBE NEWSWIRE) — FuelPositive Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Firm”) pronounces that it has closed a non-brokered non-public placement (the “Providing”) and has issued 8,925,055 items (every, a “Unit”) at a worth of $0.055 per Unit for gross proceeds of $490,878.  Every “Unit” consists of 1 widespread share of the Firm, and one widespread share buy warrant exercisable at a worth of $0.07 till August 29, 2029. 

Article content material

The Providing represents the ultimate tranche of the position beforehand introduced by the Firm on Might 28, 2024.

No finders’ charges or commissions have 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 observe a round strategy, making certain your complete 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 through the manufacturing course of.

By specializing in applied sciences which are clear, sustainable, economically advantageous and realizable, the Firm goals to assist mitigate local weather change, addressing unsustainable agricultural practices by modern expertise and sensible options that may be applied now. The FuelPositive on-farm/onsite, containerized Inexperienced Ammonia manufacturing system is designed to provide pure, anhydrous ammonia for a number of purposes, together with fertilizer for farming, gas for grain drying and inner combustion engines, a sensible different for gas cells and an answer for grid storage. Inexperienced Ammonia can also be thought-about a key enabler of the hydrogen financial system.

Article content material

Article content material

FuelPositive methods 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 clients will likely be farmers. Farmers use 80% of the standard gray ammonia produced right this moment as fertilizer.

See buying particulars right here: https://fuelpositive.com/gross sales/.

FuelPositive Company is predicated in Waterloo and Manitoba (Canada) and trades on the TSX Enterprise Trade beneath the image NHHH and within the USA on the OTCQB beneath 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

Article content material

Investor Relations Canada:
Transcend Capital Inc.
et@transcendcapitalinc.com

Cautionary Assertion

Buying and selling within the securities of the Firm ought to be thought-about extremely speculative. No inventory alternate, securities fee or different regulatory authority has authorized or disapproved the data contained herein. Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) settle for duty for the adequacy or accuracy of this launch.

Ahead-Wanting Statements

This information launch comprises sure “forward-looking data” and “forward-looking statements” (collectively, “forward-looking statements”) which are primarily based on expectations, estimates and projections as of the date of this information launch. The knowledge on this launch about future plans and goals 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 have 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 totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead-looking statements are essentially primarily based upon a variety of estimates and assumptions that, whereas thought-about 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 could show to be incorrect.

Article content material

Many of those uncertainties and contingencies can instantly 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 could 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 offered to offer details about administration’s expectations and plans regarding the longer term. 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 regulation.

Article content material