Mr. Balraj Mann reports
FIRST HYDROGEN ARRANGES FINANCING
First Hydrogen Corp. has arranged a non-brokered private placement of units up to $3-million.
The private placement will consist of up to 9,677,419 units of the company at a price of 31
cents per unit. Each unit will consist of one common share of the company and one share
purchase warrant. Each warrant will entitle the holder thereof to acquire one share at
45 cents for a period of two years from the date of closing.
The company will offer convertible debentureholders the opportunity to settle up to $2,744,425 in principal,
consisting of $2,204,425 of convertibles debentures due on Nov. 22, 2028, and $540,000 of convertible
debentures due on July 9, 2026, by issuing up to 8,852,984 units of the private placement.
All securities issued in connection with the offering will be subject to a statutory resale restriction for four
months and one day from the closing date of the offering. Finders' fees may be paid by the company in
conjunction with the completion of the financing in accordance with the TSX Venture Exchange policies.
The company may pay a finder's fee upon completion of the financing in accordance with TSX Venture
Exchange policies.
The company reserves the right to accept, reject or partially fill any subscriptions received up to the aggregate
amount permitted by the TSX Venture Exchange.
The company intends to use the net proceeds from the financing for working capital and general corporate
purposes.
About First Hydrogen Corp.
First Hydrogen is a Vancouver, Montreal, Germany and London, U.K.-based company focused on zero-
emission vehicles, green hydrogen production and distribution. The company has designed and built two hydrogen-fuel-cell-powered light commercial vehicles (FCEVs). The FCEVs are road legal in the United Kingdom
(excluding Northern Ireland) with 6,000 kilometres of testing completed and have achieved a range of 630-plus kilometres on
a single refuelling. The vehicles have successfully been trialled in real-world conditions with fleet operators in the
United Kingdom.
About First Nuclear Corp.
First Nuclear is committed to developing and commercializing advanced clean energy solutions, including
green hydrogen produced by state-of-the-art small modular reactors. The company aims to provide scalable,
sustainable and economically viable alternatives to meet global climate goals and enhance energy security.
We seek Safe Harbor.
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