Carbon Done Right Announces Closing of Second Tranche of Non-Brokered Private Placement
Summary
This brings the total shares issued in the non-brokered private placement so far to 17,000,000, with total gross proceeds received so far of $255,000.The Company plans to utilize offering proceeds for continued investment into operations and corporate support for the Companys flagship forest carbon restoration project and in order to meet investment requirements associated with the final milestone payment under the previously announced pre-purchase agreement (April, 2023).The remainder of the Offering is expected to close during January 2025, subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange. The Company may pay finders fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Carbon Done Right deploys capital at risk under various arrangements (including cooperation, assignment, and production sharing agreements) with government engagement in various suitable jurisdictions around the world including Sierra Leone, Yucatan, Guyana and Suriname.ON BEHALF OF THE BOARD OF DIRECTORSFor further information please contact:Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.This press release contains forward-looking statements and forward-looking information (collectively forward looking statements) within the meaning of applicable securities laws. Carbon Done Right cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Carbon Done Right including expectations and assumptions concerning the Company and the need for additional capital by the Company through financings, and the risk that such funds may not be raised. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.