The Prospectus Supplement and the Base Prospectus are available online under the Company's profile on SEDAR at Alternatively, the Agent will send copies of such documents to Canadian investors upon request by contacting Cantor Fitzgerald Canada Corporation 181 University Avenue, Suite 1500 Toronto, Ontario M5H 3M7 or by email at The Distribution Agreement is also available under the Company's profile on SEDAR at Warrant Acceleration The ATM Program is being facilitated pursuant to a prospectus supplement dated Febru(the " Prospectus Supplement") to the Company's base shelf prospectus dated Novem(the " Base Prospectus") filed with the securities commissions in each of the provinces of Canada. The ATM Program will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program and December 26, 2022, unless terminated prior to such date by the Company or the Agent. The Company is not obligated to make any sales of Common Shares under the ATM Program and, as at the date hereof, no Common Shares have been distributed by the Company pursuant to the Distribution Agreement. The volume and timing of distributions under the ATM Program, if any, will be determined at the Company's sole discretion. The Company intends to use the net proceeds from any sales of Common Shares under the ATM Program, if any, for the advancement of its Refinery Project located in Ontario, Canada and for general corporate purposes.ĭistributions of the Common Shares through the ATM Program, if any, will be made pursuant to the terms of an equity distribution agreement (the " Distribution Agreement") between the Company and Cantor Fitzgerald Canada Corporation (the " Agent"). Since the Common Shares will be distributed at trading prices prevailing at the time of the sale, prices may vary between purchasers and during the period of distribution. Sales of Common Shares, if any, under the ATM program are anticipated to be made in transactions that are deemed to be "at-the-market distributions" as defined in National Instrument 44-102 – Shelf Distributions, as sales made directly on the TSX Venture (the " TSXV") or any other recognized Canadian "marketplace" within the meaning of National Instrument 21-101 – Marketplace Operation, at the prevailing market price at the time of sale. (TSXV: FCC) (OTCQX: FTSSF) (the " Company") is pleased to announce that is has established an at-the-market equity program (the " ATM Program") that allows the Company to issue up to $10,000,000 of common shares (the " Common Shares") from treasury to the public from time to time, at the Company's discretion. NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
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