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American Future Fuel is pleased to announce that it has entered into an agreement with Red Cloud Securities to act as sole agent and bookrunner in connection with a best efforts, private placement for gross proceeds of up to C$3,000,000 from the sale of up to 11,111,111 units of the Company at a price of C$0.27 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant shall entitle the holder to purchase one common share of the Company at a price of C$0.42 at any time on or before that date which is 36 months after the closing date of the Offering. The Agents will have an option, exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to sell up to an additional 1,666,666 Units for additional gross proceeds of up to C$450,000. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Units will be offered for sale to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106