Green technology developer FuelPositive Corp., Waterloo, Ont., on Jan. 8 announced that it has joined the Canadian Hydrogen and Fuel Cell Association (CHFCA) as a start-up member. The CHFCA currently has more than 170 members across Canada and regional branches in British Columbia, Quebec, and Ontario.
“Teaming up with Canadian technology companies and supporting the Canadian economy as we build our green ammonia solutions aligns with our mission as a company,” said CEO and Chair Ian Clifford.
In other news, FuelPositive has set the deadline for completing its ongoing non-brokered private placement for Jan. 31, 2024. The offering consists of up to 90,909,090 units at a price of C$0.055 per unit. Each unit consists of one common share of the company and one common share purchase warrant allowing holders to purchase an additional common share at a price of $0.07 for a period of sixty months.
On Dec. 15, 2023, the company completed an initial tranche of the offering and issued 24,545,454 units for aggregate gross proceeds of $1,350,000.