First Hydrogen arranges $3-million private placement

Executive Summary

• First Hydrogen Corp. announced a non‑brokered private placement of up to 10 million units for gross proceeds of up to $3 million.
• Each unit consists of one common share and one warrant allowing purchase of an additional share at C$0.45 for two years post‑closing.
• Net proceeds are earmarked for working capital and general corporate purposes.

Key Details

• Offering Size: Up to 10 million units; total gross proceeds up to $3 million.
• Unit Composition: 1 common share + 1 share purchase warrant per unit.
• Warrant Terms: Right to acquire one additional share at C$0.45 per share, exercisable for two years from the closing date.
• Exemption Used: Listed issuer financing exemption under Part 5A of National Instrument 45‑106 (prospectus exempt).
• Hold Period: No hold period required under applicable Canadian securities laws.
• Finder’s Fee: Company may pay a finder’s fee in accordance with TSX Venture Exchange policies upon completion.
• Subscription Flexibility: Company may accept, reject, or partially fill subscriptions up to the aggregate amount permitted by the TSX Venture Exchange.
• Use of Proceeds: Net proceeds will be used for working capital and general corporate purposes.

Notable Quotes

(No direct quotes were provided in the release.)