NetworkNewsBreaks – FuelPositive Corporation (TS
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Posted On: 01/08/2024 4:03:27 PM
NetworkNewsBreaks – FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) Joins CHFCA, Sets Completion Date for Non-Brokered Private Placement
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a leading green ammonia company, announced that it has joined the Canadian Hydrogen and Fuel Cell Association (“CHFCA”). “Farmers use 80% of the traditional, highly polluting, grey ammonia produced today, and ammonia is a critical chemical in many other sectors. The possibility of producing green ammonia on-site for nitrogen fertilizers, fuel-switching and water purification – with no carbon emissions – is drawing attention globally. It can replace the grey ammonia in virtually all the traditional sectors, significantly reducing carbon emissions worldwide,” said Nelson Leite, chief operating officer and board member of FuelPositive. “On-site green hydrogen production is a key component of our system. FuelPositive is excited to join the CHFCA to bring us closer to the greatest minds focused on Canadian green hydrogen technologies!”
In addition, the company has set the deadline for completing its ongoing non-brokered private placement for Jan. 31, 2024. The offering consists of up to 90,909,090 units, each at a price of $0.055. Each unit consists of one common share of the company and one common share purchase warrant allowing holders to purchase an additional common share at a price of $0.07 for a period of sixty months. On Dec. 15, 2023, FuelPositive completed an initial tranche of the offering and issued 24,545,454 units for aggregate gross proceeds of $1,350,000.
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FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a leading green ammonia company, announced that it has joined the Canadian Hydrogen and Fuel Cell Association (“CHFCA”). “Farmers use 80% of the traditional, highly polluting, grey ammonia produced today, and ammonia is a critical chemical in many other sectors. The possibility of producing green ammonia on-site for nitrogen fertilizers, fuel-switching and water purification – with no carbon emissions – is drawing attention globally. It can replace the grey ammonia in virtually all the traditional sectors, significantly reducing carbon emissions worldwide,” said Nelson Leite, chief operating officer and board member of FuelPositive. “On-site green hydrogen production is a key component of our system. FuelPositive is excited to join the CHFCA to bring us closer to the greatest minds focused on Canadian green hydrogen technologies!”
In addition, the company has set the deadline for completing its ongoing non-brokered private placement for Jan. 31, 2024. The offering consists of up to 90,909,090 units, each at a price of $0.055. Each unit consists of one common share of the company and one common share purchase warrant allowing holders to purchase an additional common share at a price of $0.07 for a period of sixty months. On Dec. 15, 2023, FuelPositive completed an initial tranche of the offering and issued 24,545,454 units for aggregate gross proceeds of $1,350,000.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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