FuelPositive Secures Funds for Sustainable Technology Growth
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FuelPositive Completes Closing of Private Placement
FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) has successfully closed a significant non-brokered private placement, raising $490,878 by issuing 8,925,055 units at a price of $0.055 per unit. Each unit issued in this private placement consists of one common share and a share purchase warrant that can be exercised at $0.07 until a defined expiration date.
Final Tranche of Previous Announcement
This latest offering represents the final tranche of a capital-raising effort initially communicated by the company earlier in the year. Importantly, this private placement was completed without incurring any finders' fees or commissions, optimizing the funds available for FuelPositive’s initiatives.
Restricted Securities
All securities from this offering will have restrictions on resale until a designated future date, complying with the respective securities regulations. It's crucial for investors to understand these conditions as they plan their future investment strategies.
About FuelPositive Corporation
FuelPositive is an innovative Canadian technology company dedicated to delivering sustainable and commercially viable clean technology solutions. The firm’s commitment revolves around a circular approach that ensures environmental sustainability throughout the life cycle of its products.
Green Ammonia Production System
At the heart of FuelPositive's operations is its containerized Green Ammonia (NH3) production system designed for on-farm or onsite use. This groundbreaking system effectively eliminates carbon emissions during the ammonia creation process. By focusing on producing pure, anhydrous ammonia, the company provides a sustainable alternative for various applications, including fertilizers, energy sources for grain drying, fuel cells, and grid storage solutions.
Addressing Climate Change Through Technology
FuelPositive is not just about technology; it’s about making a real impact against climate change. The firm is dedicated to providing solutions to unsustainable agricultural practices, aiming to assist farmers who use a substantial majority of traditional gray ammonia as fertilizer. With the introduction of their clean technologies, FuelPositive hopes to facilitate a significant shift towards sustainability in agriculture.
Supply Chain Advantages
One of the key advantages of the FuelPositive system is its ability to produce Green Ammonia onsite. This feature not only secures a stable supply for farmers but also negates the risks associated with fluctuating supply chains. By ensuring that farmers have direct access to clean fertilizer and energy, the outcome is a more resilient agricultural system.
Market Potential and Customer Base
The company's market potential is immense, especially considering that farmers constitute the primary consumer base for ammonia in traditional applications. With their innovative production systems, FuelPositive is positioned to capture a significant portion of the market while advocating for sustainable practices.
Looking Forward
The closure of this private placement marks a pivotal moment for FuelPositive as it prepares to step into the next phase of its journey. The focus ahead is on further developing its Green Ammonia technology and enhancing production capabilities to better meet market demands.
Community and Environmental Benefits
FuelPositive’s mission extends beyond commercial success; it emphasizes community engagement and environmental stewardship. By delivering cleaner energy solutions, the firm not only supports the economy but also champions the environment, sparking a much-needed dialogue on sustainable practices within agriculture.
Contact Information
For further inquiries, fuel-positive stakeholders can reach out to Ian Clifford, Co-Founder and Chief Executive Officer, at Ian@fuelpositive.com. Additional queries can be directed to public relations via Jodee Mason, Senior Account Director at Counsel Public Affairs, Inc., at jmason@counselpa.com.
Frequently Asked Questions
What is the purpose of the private placement announced by FuelPositive?
The private placement aims to raise capital to further develop FuelPositive's sustainable clean technology solutions.
What does the Green Ammonia production system do?
The Green Ammonia system allows for onsite production, reducing carbon emissions and providing farmers with a sustainable alternative to traditional ammonia.
Who can benefit from FuelPositive's technology?
Primarily, farmers will benefit as they rely heavily on ammonia for fertilizer and can use FuelPositive's systems for clean energy solutions.
Are there any restrictions on the securities from this offering?
Yes, the securities issued in connection with the offering are subject to resale restrictions until a specified date.
Who can be contacted for more information about FuelPositive?
Interested parties can contact Ian Clifford or Jodee Mason for further inquiries regarding the company and its initiatives.
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