Total
0
Shares
FuelPositive - CEO, Ian Clifford.
CEO, Ian Clifford.
Source: FuelPositive.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • FuelPositive (NHHH) has closed its C$7 million private placement with U.S. institutional investors
  • The company will use the proceeds to deploy its carbon-free ammonia systems into high-profile demonstration projects throughout 2022
  • FuelPositive provides clean energy solutions, including carbon-free ammonia, for use across a broad spectrum of industries and applications
  • FuelPositive (NHHH) is unchanged trading at $0.175 per share

FuelPositive (NHHH) has closed its C$7 million private placement with U.S. institutional investors.

The placement comprised of 30,434,784 common shares – and warrants to purchase up to 30,434,784 common shares – for $0.23 per share and associated warrant.

The warrants are priced at $0.255 per common share and are exercisable until October 28, 2024.

The company will use the proceeds to deploy its carbon-free ammonia systems into high-profile demonstration projects throughout 2022, as well as for general corporate purposes.

H.C. Wainwright & Co. acted 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 seeks to change the course of climate change through clean energy solutions, including carbon-free ammonia, for use across a broad spectrum of industries and applications.

FuelPositive (NHHH) is unchanged trading at $0.175 per share as of 10:01 am ET.

More From The Market Herald
The Market Herald Video

" FuelPositive (TSXV:NHHH) releases operational costing model and timeline for green ammonia production system

FuelPositive’s (NHHH) costing model and timeline for green ammonia production are as follows.

" Jade Power Trust (TSXV:JPWR.UN) reports a sharp rise in net income for Q3

Jade Power (JPWR.UN) has achieved a 77-per-cent increase in year-over-year net income for Q3 2021.
Clear Blue Technologies - CEO, Miriam Tuerk.

" Clear Blue Technologies (TSXV:CBLU) grows Q3 revenue by 139 per cent

Clear Blue (CBLU) has reported 139 per cent year-over-year revenue growth for Q3 2021.
Solar Alliance Energy - CEO, Myke Clark.

" Solar Alliance Energy (TSXV:SOLR) enters New York market

Solar Alliance (SOLR) has completed the acquisition of its first New York solar project.