QualityStocksNewsBreaks – FuelPositive Corporation (TSX.V: NHHH) (OTC: NHHHF) Closes on CAD$5M Private Placement, Featured in Syndicated Broadcast
FuelPositive (TSX.V: NHHH) (OTC: NHHHF) has announced that it has closed on a private subscription agreement with specific institutional investors in the United States. The placement resulted in an estimated CAD$5 million gross proceeds for the company. The private placement offering included 20,833,333 common shares and warrants offered at a purchase price of CAD$0.24 per common share and associated warrant. The announcement noted that the warrants have an exercise price of CAD$0.275 per common share with an exercise period of five years. FuelPositive noted that it intends to use the net proceeds from the placement to rapidly advance the production…