Charbone Hydrogene annonce des debentures convertibles de remplacement de 2M$

Executive Summary

• Charbone Hydrogène Corporation announced the signing of replacement convertible debentures totaling $2,050,000 to modify the terms of existing secured convertible debentures issued in a private placement.
• The restructuring extends the maturity date from September/October 2025 to September 30, 2026, and increases the convertible balance from $1.7 million to $2.1 million while maintaining a 12% annual interest rate.
• The conversion price per share was reduced from $0.10 to $0.07, and the new debentures are subject to TSX Venture Exchange approval.

Key Details

• Transaction Type: Signing of replacement convertible debentures ("Debentures de remplacement") modifying existing secured convertible debentures.
• Principal Amount: $2,050,000 CAD.
• Original Issuance Context: Modifications to debentures originally issued in a private placement with a total principal amount of $1,746,366 CAD.
• Maturity Date Extension: Extended from September 30 and October 31, 2025, to September 30, 2026.
• Convertible Balance Increase: Increased from $1.7 million to $2.1 million.
• Interest Rate: Remains at 12% per annum, payable monthly.
• Conversion Price Adjustment: Reduced from $0.10 per share to $0.07 per share.
• Regulatory Status: Subject to approval by the TSX Venture Exchange.
• Purpose of Funds: To provide additional financing to complete and execute the acquisition of operational hydrogen production and supply equipment, announced on September 5, 2025.

Notable Quotes

• “These changes announced today to the existing debentures offer new financing flexibility to Charbone by significantly extending the maturities and provide us with additional financing to complete and execute the acquisition of the operational hydrogen production and supply equipment, announced on September 5, 2025,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of Charbone.