Canada Carbon Announces Resumption of Trading on TSX Venture Exchange, Share Consolidation, Adoption of Omnibus Equity Incentive Plan and Change of Officers

Executive Summary

• Canada Carbon Inc. announced that trading of its common shares will resume on the TSX Venture Exchange after a temporary halt.
• Shareholders approved a 10‑for‑1 share consolidation, reducing outstanding shares from ~242 M to ~24 M and adjusting all existing warrants and stock options proportionally; completion is expected by April 30 2026.
• The CEO and CFO resigned; an interim director has been appointed to both roles, triggering a TSXV non‑compliance notice that the company must remedy within 90 days.

Key Details

• Trading Resumption: Common shares will resume trading on the TSX Venture Exchange (symbol “CCB”) shortly after this release.
• Share Consolidation:
• Ratio: up to 10 pre‑consolidation common shares for 1 post‑consolidation share.
• Pre‑consolidation outstanding shares: 242,281,512.
• Post‑consolidation estimated outstanding shares: ~24,228,151 (assuming full 10‑for‑1 ratio).
• No cash will be paid for fractional shares; all warrants and stock options will be proportionally adjusted.
• Expected completion date: on or before April 30 2026, subject to board discretion.
• Omnibus Equity Incentive Plan:
• Adopted and subsequently amended to comply with TSXV policies (removal of certain award provisions).
• Allows grant of stock options up to 10 % of issued shares and a fixed maximum of 24,228,151 shares for other equity awards.
• Management Changes:
• CEO Ellerton Castor resigned effective March 31 2026; CFO Remantra Sheopaul resigned immediately.
• Director Arran Thorpe appointed interim CEO and interim CFO.
• This dual‑role appointment violates TSXV Policy 3.1, resulting in a 90‑day notice to remedy the non‑separation of duties.
• Compliance & Notices:
• TSXV placed the company on a 90‑day notice for non‑compliance with CEO/CFO separation requirement.
• The board is actively searching for separate permanent CEOs and CFOs; appointments will require TSXV acceptance.
• Financial Deficiencies (TSXV Policy 2.5 Disclosure):
• Working capital deficiency: $2,536,783 (as of September 30 2025).
• Net tangible assets deficiency: $2,561,783 (as of September 30 2025).
• Company plans to address deficiencies via cost reductions, payable deferrals, and anticipated equity or other financing.
• Tier Transfer Notice: The company will receive a 90‑day notice for transfer from Tier 1 to Tier 2 due to the disclosed deficiencies.

Notable Quotes

(No direct quotes were provided in the release.)