NetworkNewsBreaks – FuelPositive Corporation (TS
Post# of 134
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a Canadian-based, growth-stage company committed to providing commercially viable and sustainable, cradle-to-cradle, clean-energy solutions, has closed on the final tranche of its nonbrokered private placement. As part of the transaction, the company issued 9,961,909 units at $0.055 per unit, with a unit comprising one common share and one common share purchase warrant; the warrant allows holders to purchase an additional common share at $0.07 until Feb. 9, 2029. Gross proceeds for the placement totaled $547,905. “When combined with the first tranche of the offering, the company has raised gross proceeds of $1,897,905 through the issuance of 34,507,363 units,” said the company in the press release. “The net proceeds from the offering will be utilized for general working capital purposes. In connection with closing of the final tranche of the offering, the company issued 525,000 warrants and paid $28,875 to certain arms-length parties who assisted in introducing subscribers to the offering. All securities issued in the final tranche of the offering are subject to a statutory hold period until June 10, 2024, in accordance with applicable securities laws.”
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