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Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (" AFCP " or the " Company "), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce a private placement offering of units of the Company (" Units ") at a price of $0.06 per Unit (the " Offering "). The aggregate minimum gross proceeds of the Offering is $150,000 and the aggregate maximum gross proceeds of the Offering is $1,200,000.
ÂEach Unit will be comprised of one common share in the capital of the Company (a " Share ") and one common share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder thereof to acquire one additional Share (a " Warrant Share ") at a price of $0.15 per Warrant Share for a period of 24 months from the Closing Date (as defined herein).
ÂThe Company intends to use the aggregate gross proceeds from the Offering for acquisition capital, development capital for PWWR Flow Stream CHP projects and manufacturing capital for its wholly owned subsidiary Fuel Cell Power NV, as well as for general administrative and working capital expenses. The Company expects to close the Offering on or before January 13, 2023 (the " Closing Date ").
ÂThe Company may pay a finder's fee in connection with the Offering to eligible arm's length finders in accordance with the policies of the NEO Exchange.
ÂThe Offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the securities issued in the Offering will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedar.com and at https://www.fuelcellpower.com/. Prospective investors should read this offering document before making an investment decision.
ÂÂ ABOUT Â ALKALINE Â FUEL Â CELL Â POWER Â CORP. Â (NEO: Â PWWR) Â
ÂAFCP is a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech. We bring ‘Power to the People' today, combining a stable revenue stream with a future-forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
ÂAFCP operates through two global entities: Fuel Cell Power NV, a wholly owned subsidiary in Belgium, and PWWR Flow Streams ("PWWR Flow"), an AFCP brand in Canada.
Â-  Fuel  Cell  Power  NV is focused on the development, production and commercialization of micro-combined heat and power ("micro-CHP") systems and off-grid and back-up power generators based on advanced alkaline fuel cell technology that generates zero CO2 emissions. Fuel Cell Power NV is working through milestones to deliver a commercialized alkaline fuel cell in 2024. Â
- Â PWWR Flow is focused on the development, ownership and operations of combined heat and power ("CHP") assets. PWWR Flow assets deliver efficiency improvements of over 20% with reduced costs to customers in multi-residential and commercial applications. PWWR Flow has contracted existing CHP assets in Toronto, Canada, and has an additional pipeline of potential contracts valued at over $50 million currently in development. Â
AFCP is well positioned to deliver ‘Power to the People' in the global energy transition while offering a diversified cleantech growth platform for investors.
ÂFurther information is available on the Company website at  https://www.fuelcellpower.com/ , and the Company encourages investors and other interested stakeholders to follow it on:
ÂLinkedIn, Twitter, Facebook, Instagram and YouTube. Common shares are listed for trading on the NEO under the symbol " PWWR ", the OTC Venture Exchange " OTCQB " under the symbol " Â ALKFF Â " and on the Frankfurt Exchange under symbol " 77R " and " WKN A3CTYF ".
 For  further  information,  please  contact: Â
 Frank  Carnevale Â
Chief  Executive  Officer Â
+1 Â (647) Â 531- Â 8264 Â
  fcarnevale@fuelcellpower.com   Â
  Forward-Looking    Information  Â
 This news release contains forward-looking statements and forward-looking information within the meaning  of  applicable  securities  laws.  These  statements  relate  to  future  events  or  future  performance.  All statements  other  than  statements  of  historical  fact  may  be  forward-looking  statements  or  information.  In certain  cases,  forward-looking  statements  can  be  identified  by  the  use  of  words  such  as  "plans",  "expects" or "does not expect", "is expected", "estimates", "forecasts", "intends", "anticipates", "believes" or variations  of  such  words  and  phrases  or  statements  that  certain  actions,  events  or  results  "may",  "could", "would", "might", "occur" or "achieve". Forward-looking statements in this news release may include, but are not limited to, the Offering and securities issuable thereunder, the Offering and timelines associated therewith, the Warrants, the expected use of proceeds under the Offering, statements  with  respect  to  the  Company's  technology,  intellectual  property,  business  plan,  objectives  and  strategy. Â
 Forward-looking  statements  and  information  are  provided  for  the  purpose  of  providing  information  about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could  differ materially  from  those  currently  anticipated  due  to  a  number of  factors  and  risks.  Accordingly, readers  should  not  place undue reliance  on  the  forward-looking  statements  and  information  contained  in this news  release. Readers  are cautioned that the foregoing list of factors is not  exhaustive. The forward-looking  statements  and  information  contained  in  this  news  release  are  made  as  of  the  date  hereof  and  no undertaking  is  given  to  update  publicly  or  revise  any  forward-looking  statements  or  information,  whether as  a  result  of  new  information,  future  events  or  otherwise,  unless  so  required  by  applicable  securities  laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. Â
ÂNEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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