FuelPositive Announces Closing of Non-Brokered Private Placement and Debt Conversion

WATERLOO, Ontario, Sept. 11, 2023 (GLOBE NEWSWIRE) -- FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Offering”) of 6,741,000 units (each, a “Unit”) at a price of $0.06 per Unit, for aggregate gross proceeds of $404,460. 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 September 11, 2026. In the event the volume-weighted average closing price of the Company’s common shares on the TSX Venture Exchange (the “TSXV”) 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.