CHARBONE Hydrogene annonce la cloture d'une deuxieme et derniere tranche de son placement prive sursouscrit sans intermediaire de 1 M$

Executive Summary

• Corporation Charbone Hydrogène announced the closing of the second and final tranche of its private placement, raising an additional $0.551 million.
• The total gross proceeds from the entire private placement reached $1.013 million, exceeding the initial $1 million target.
• Funds are designated for the purchase and relocation of hydrogen equipment at the Sorel-Tracy site, infrastructure development, and general working capital.

Key Details

• Transaction Structure: Second and final closing of a private placement without intermediaries.
• Total Gross Proceeds: $1.013 million CAD.
• Second Tranche Proceeds: $0.551 million CAD.
• Units Issued (Second Tranche): 9,183,334 units.
• Price Per Unit: $0.06 CAD.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant allows the holder to purchase one additional common share at an exercise price of $0.08 CAD for a period of 24 months following the closing date.
• Use of Proceeds: Primarily for purchasing hydrogen equipment, relocating equipment to the Sorel-Tracy site, developing infrastructure, and general working capital.
• Intermediary Commissions: $22,160 paid to intermediaries at closing.
• Warrants to Intermediaries: 369,333 warrants issued to registered intermediaries for presenting qualified subscribers.
• Regulatory Status: Closing is subject to TSX Venture Exchange approval and other customary conditions.
• Hold Period: All securities are subject to a statutory hold period of four months and one day in Canada post-closing.
• Exemptions: Offered under "qualified investor" and "minimum amount investment" exemptions under National Instrument 45-106.

Notable Quotes

• "We are very happy with the strong interest and support shown by investors for this private placement, which exceeded our initial target," said Dave B. Gagnon, President and CEO of CHARBONE. "The closing of this financing provides CHARBONE with the necessary resources to continue relocating our hydrogen equipment at the Sorel-Tracy site and continue developing the infrastructure supporting our long-term growth strategy."