FuelPositive Closes First $1.5m Tranche of Non-Brokered Private Placement

WATERLOO, Ontario, May 28, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company”) is pleased to announce that it has closed the first tranche of its non-brokered private placement (the “Offering”). In connection with completion of the first tranche of the Offering, the Company has issued 28,123,818 units (each, a “Unit”) at a price of $0.055 per Unit for gross proceeds of $1,546,810. 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 a price of $0.07 for a period of sixty months.