Charbone Hydrogen Announces Closing of its $850,000 Non-Brokered Private Placement
Summary
Brossard, Quebec TheNewswire - February 2, 2024 Charbone Hydrogen Corporation (TSXV:CH), (OTC:CHHYF), (FWB:K47) (Charbone or the Company) is pleased to announce the closing of a non-brokered private placement financing of units of the Company for gross proceeds of $849,622 (the Offering). Each Warrant entitles the holder thereof to purchase one additional common share of the Company at an exercise price of $0.05 for a period of 12 months following the closing date of the Offering (the Closing Date).At the Closing Date, the Company paid a finders fee of $29,300 and issued 586,000 finders warrants to a registered dealer in connection with sale of certain Units to a qualified subscriber introduced to the Company by such dealer.The Units were offered by way of the accredited investor exemptions under National Instrument 45-106 Prospectus Exemptions (in Qu\xe9bec, Regulation 45-106 Prospectus Exemptions).The net proceeds from the Offering are intended to be used by the Company to finance operations to continue the Sorel-Tracy (Qc, Canada) project and to prepare a significant potential financing transaction.The closing of the Offering remains subject to the approval of the TSX Venture Exchange. The companys strategy is to develop modular and expandable hydrogen facilities and regional hubs. Charbone will be able to produce green dihydrogen molecules using reliable and sustainable energy in order to distinguish itself as a supplier of an ecological solution for industrial, commercial and mobility users.This news release contains statements that are forward-looking information as defined under Canadian securities laws (forward-looking statements). These risks, uncertainties and assumptions include, but are not limited to, those described under Risk Factors in the Corporations Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com, along with risks relating to the Offering and the intended use of proceeds of the Offering; they could cause actual events or results to differ materially from those projected in any forward-looking statements.Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.NOT FOR DISSEMINATION OR DISTRIBUTION INTO THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICES