FuelPositive Issues Statement About Unsanctioned and Misleading Promotional Activity Concerning Its Common Stock
05 Février 2022 - 1:06AM
FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the
“Company”) is informing its investors of unsanctioned, misleading
and potentially manipulative stock promotion being conducted by
unidentified third parties. The Company became aware of some
misleading promotional material on February 3, 2022. The Company is
not aware, however, of the full nature and content of the
promotional activity, the extent of the dissemination, or who is
behind it. The Company is actively investigating the matter.
“There has been some misleading anonymous third-party promotion
that has come to our attention. It is not sanctioned or sponsored
by FuelPositive and the information should not be relied upon. It
has not affected our trading activity, however we felt it was
important to advise investors that it is going on. We are taking
this action to protect our reputation and to prevent investors from
being misled,” said Ian Clifford, FuelPositive Chief Executive
Officer and Board Chair.
FuelPositive has an ongoing agreement for investor relations
services with RB Milestone Group, which has been identified on the
Company’s website (https://fuelpositive.com/leadership/) and is
registered with the TSX Venture Exchange and the OTCQB.
“We are not saying that all third-party content should not be
relied upon, as there is positive and balanced media coverage that
we want to encourage. But we cannot assure the accuracy of
information published by third parties. Investors should only make
decisions based on the advice of registered advisors,” added
Clifford.
About FuelPositive
FuelPositive is a Canadian growth-stage technology company
committed to providing commercially viable and sustainable “cradle
to cradle” clean technology solutions, including green ammonia
(NH3), for use across a broad spectrum of industries and
applications.
By focusing on technologies that are clean and economically
advantageous/realizable, the Company aims to change the course of
climate change through practical solutions that can be implemented
now.
The Company’s core technology, a modular and scalable green
ammonia system, takes air, water and sustainable electricity and
synthesizes it into a non-polluting chemical for multiple
applications, including fertilizer for farming, fuel for internal
combustion engines and a solution for grid storage. Green ammonia
is being considered as a replacement for fossil fuels and as a key
enabler of the hydrogen economy.
The Company’s most recent corporate update, presented in
November, can be found here.
Cautionary Statement
Trading in the securities of the Company should be considered
highly speculative. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the
information contained herein. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information”
and “forward-looking statements” (collectively, “forward-looking
statements”) that are based on expectations, estimates and
projections as at the date of this news release. The information in
this release about future plans and objectives of the Company,
including the expected expenditures of the proceeds of the private
placement, are forward-looking statements. These
forward-looking statements are based on assumptions and estimates
of management of the Company at the time they were made and involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Forward looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by the Company as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or
indirectly affect, and could cause, actual results to differ
materially from those expressed or implied in any forward-looking
statements. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements.
Forward-looking information is provided for the purpose of
providing information about management’s expectations and plans
relating to the future. The Company disclaims any intention or
obligation to update or revise any forward-looking information or
to explain any material difference between subsequent actual events
and such forward-looking information, except to the extent required
by applicable law.
For Media or Investor enquiries, please
contact:
Ian Clifford Chief Executive Officer and Board
Chairmailbox1@fuelpositive.com www.fuelpositive.com
Investor Relations (United States) RBMG – RB Milestone
Group LLC Trevor Brucato, Managing
Director fuelpositive@rbmilestone.comwww.rbmilestone.com
FuelPositive (TSXV:NHHH)
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