On February 9, 2024, FuelPositive Corporation, closed the transaction. The company issued 9,961,909 units at a price of CAD 0.055 per unit for the gross proceeds of CAD 547,905 in its second and final tranche closing. The company has issued a total of 34,507,363 units at a price of CAD 0.055 per unit for the total gross proceeds of CAD 1,897,905.

As a part of the transaction, the company paid CAD 28,875 as a finder fee and 525,000 Warrants. All securities issued in the final tranche of the offering are subject to a statutory hold period until June 10, 2024, in accordance with applicable securities laws. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement.

The transaction includes participation from 11 placees and 1 pro group with total pro group involvement of 2,750,000 shares.