CHARBONE annonce un financement de reglements de dettes par emission d'unites totalisant 0,5M$

Executive Summary

• Charbone Corp. announced the settlement of $503,125 of debt by issuing units to a strategic partner for its Sorel‑Tracy plant project.
• Each unit was priced at $0.12 and includes one common share plus a subscription warrant exercisable at $0.14 within 12 months after closing.
• A total of 4,192,708 units will be issued, subject to TSX Venture Exchange approval and a four‑month Canadian lock‑up period.

Key Details

• Debt Settlement Amount: $503,125 settled through unit issuance.
• Unit Pricing: $0.12 per unit.
• Composition of Each Unit: 1 common share of Charbone + 1 subscription warrant for an additional common share at $0.14 exercise price.
• Warrant Terms: Exercise price $0.14; exercisable for 12 months post‑closing.
• Total Units to be Issued: 4,192,708 units.
• Use of Proceeds / Rationale: To advance production at the Sorel‑Tracy hydrogen plant and prudently manage cash flow.
• Regulatory Conditions: Transaction subject to TSX Venture Exchange approval; all issued securities will be subject to a four‑month Canadian holding period (lock‑up).
• Strategic Partner: Unnamed strategic partner acting as supplier for the Sorel‑Tracy plant construction.

Notable Quotes

(No direct quotes were provided in the release.)