Total
0
Shares
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • 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.

More From The Market Herald

" Quadro Resources (TSXV:QRO) announces $1M private placement

Quadro Resources (QRO) will conduct a non-brokered private placement of units and flow-through units for proceeds of up to $1,000,000.

" Marble Financial (CSE:MRBL) upsizes private placement, closes first tranche

Marble (MRBL) has closed the first tranche of and upsized its previously announced private placement.
VR Resources - CEO, Michael Gunning.

" VR Resources (TSXV:VRR) announces flow-through private placement

VR Resources (VRR) has announced a C$1 million non-brokered flow-through private placement.

" Euro Sun Mining (TSX:ESM) announces $5M private placement

Euro Sun Mining (ESM) has announced a marketed private placement offering of up to $5,010,000.