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Carbon Streaming Announces Receipt of Settlement Funds and Share Cancellation Pursuant to Settlement Agreement Related to Rimba Raya Project
TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) announces that the conditions have been satisfied to implement the settlement agreement entered into in connection with resolving the dispute between the Company and with Infinite-Earth Limited (“IE”), PT Infinite Earth Nusantara (“PT IE”), certain of IE’s principals and related entities (collectively, the “IE Parties”) related to the Rimba Raya
About this update from Carbon Streaming Corporation
[{"type":"image","alt":"Carbon Streaming Corporation","displaySize":"","headline":null,"caption":"Carbon Streaming Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":243,"height":78,"url":"https://media.zenfs.com/en/globenewswire.com/ae9c2d234c9147d2436cdff96afaba92"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ckI2A2ImATbgtCA3gFihHw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ae9c2d234c9147d2436cdff96afaba92","width":243,"height":78}},"lazy":false},{"type":"text","content":"TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) announces that the conditions have been satisfied to implement the settlement agreement entered into in connection with resolving the dispute between the Company and with Infinite-Earth Limited (“IE”), PT Infinite Earth Nusantara (“PT IE”), certain of IE’s principals and related entities (collectively, the “IE Parties”) related to the Rimba Raya Biodiversity Reserve Project (the “Rimba Raya Project”) previously announced on July 24, 2025.","length":595,"tagName":"p"},{"type":"text","content":"Carbon Streaming has received the payment of US$650,000 from IE and has cancelled 4,539,180 common shares in the capital of Carbon Streaming (“Common Shares”) surrendered by the IE Parties.","length":189,"tagName":"p"},{"type":"text","content":"Following the cancellation of the 4,539,180 Common Shares, the Company now has 48,332,053 Common Shares issued and outstanding as of the date of this news release.","length":163,"tagName":"p"},{"type":"text","content":"The Company currently holds total cash of C$52.4 million (US$37.6 million), comprised of $37.8 million in Canadian dollars and $10.5 million in US dollars. The Company has no debt.","length":180,"tagName":"p"},{"type":"text","content":"For additional information about the settlement agreement related to the Rimba Raya Project, see the Company’s press release titled “Carbon Streaming Announces Settlement Agreements Related to Rimba Raya and MarVivo Projects” dated July 24, 2025.","length":246,"tagName":"p"},{"type":"text","content":"About Carbon Streaming ","length":22,"tagName":"p"},{"type":"text","content":"Carbon Streaming’s focus is on projects that generate high-quality carbon credits and have a ...