FuelPositive Announces Successful Completion of Private Placement

WATERLOO, Ontario, July 19, 2023 (GLOBE NEWSWIRE) -- FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company”), a leading Green Ammonia company, is pleased to announce that it has completed the final tranche of its non-brokered private placement and has issued a further 31,443,069 units (each, a “Unit”), at a price of $0.065 per Unit, for gross proceeds of $2,043,800. Each Unit consists of one common share of the Company and one common share purchase warrant (each, a “Warrant”), allowing holders to purchase an additional common share at an exercise price of $0.09 until July 18, 2026 (the “Offering”). In the event the volume-weighted average closing price of the Company's common shares on the TSX Venture Exchange exceeds $0.40 for ten consecutive trading days, the Company retains the option to accelerate the expiry date of the Warrants to thirty days after a public announcement of the election.