- FuelPositive (NHHH) has entered into a subscription agreement with U.S. institutional investors for gross proceeds of approximately C$7 million
- The company will issue 30,434,784 common shares and warrants
- Net proceeds of the placement will be used to deploy FuelPositive carbon-free ammonia systems and for general corporate purposes
- No securities were offered or sold to Canadian residents in connection with the private placement
- FuelPositive provides commercially viable and sustainable energy solutions across a broad spectrum of industries and applications
- FuelPositive Corporation (NHHH) opened trading at $0.295 per share
FuelPositive (NHHH) has entered into a subscription agreement with U.S. institutional investors for gross proceeds of approximately C$7 million.
The company will issue 30,434,784 common shares and warrants.
Net proceeds of the placement will be used to deploy FuelPositive carbon-free ammonia systems into high-profile demonstration projects throughout 2022 and for general corporate purposes.
The private placement is expected to close on or about October 26, 2021, subject to TSXV approval.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the private placement in the United States.
No securities were offered or sold to Canadian residents in connection with the private placement.
FuelPositive is a Canadian growth-stage technology company committed to providing commercially viable and sustainable “cradle to cradle” clean energy solutions, including carbon-free ammonia (NH3), for use across a broad spectrum of industries and applications.
FuelPositive Corporation (NHHH) opened trading at $0.295 per share.