LATEST Financing IS JUST ENOUGH To Get Them To FIRST SALE ! ORIGINAL: FuelPositive Closes Final Tranche of Private Placement
2024-08-31 19:01 ET - News Release
WINNIPEG, Manitoba and WATERLOO, Ontario, Aug. 31, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the "Company") announces that it has closed a non-brokered private placement (the “Offering”) and has issued 8,925,055 units (each, a “Unit”) at a price of $0.055 per Unit for gross proceeds of $490,878. Each “Unit” consists of one common share of the Company, and one common share purchase warrant exercisable at a price of $0.07 until August 29, 2029.
The Offering represents the final tranche of the placement previously announced by the Company on May 28, 2024.
No finders’ fees or commissions were paid in connection with completion of the Offering. All securities issued in connection with the Offering are subject to restrictions on resale until December 30, 2024 in accordance with applicable securities laws.
https://www.stockwatch.com/News/Item/Z-C!NHHH-3595647/C/NHHH
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- WITH THIS FINANCING, they RAISED ONLY $ 2,037,688 of their INTENDED $ 3 million financing in TWO TRANCHES
- NO fees or commissions were PAID for THIS financing which LEADS ME to 'BELIEVE' that the PRINCIPAL(S) were INSIDERS or VERY CLOSE to the company
- HOPEFULLY, the RESERVOIR TANK INSPECTION/PERMITS (to STORE the PRODUCED ammonia) WERE or are IN PROCESS of OBTAINING THEM
- WITHOUT this REGULATORY APPROVAL, NHHH CAN'T START PRODUCING ammonia on the FARM SITE to TEST and PROVE the SYSTEM is in NORMAL OPERATING ORDER and THEN FORMALLY HANDOVER IT to the customer and RECONIZE the SALE and ACCEPT PAYMENT
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