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CHARBONE Announces a Non-Brokered Private Placement Closing of $3.1M
CHARBONE Announces a Non-Brokered Private Placement Closing of $3.1M Canada NewsWire ...
About this update from Charbone Hydrogen Corporation
[{"type":"text","content":"\n\n\nCHARBONE Announces a Non-Brokered Private Placement Closing of $3.1M\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nBROSSARD, QC, Jan. 12, 2026 /CNW/ -- CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (\"CHARBONE\" or the \"Company\"), a North American producer and distributor specializing in clean Ultra High Purity (\"UHP\") hydrogen and strategic industrial gases, is pleased to announce the closing of a non-brokered private placement (the \"Equity Offering\") for gross proceeds of $3.1 million.\n\n\n\n\n\n\n\n\"We are excited to start the year 2026 with a strong improvement to our balance sheet and support shown by long term investors in this private placement,\" said Benoit Veilleux, CFO and Corporate Secretary of CHARBONE. \"The completion of this financing provides CHARBONE with the resources for the Phase 1B at Sorel-Tracy site, increasing our clean UHP hydrogen production capacity by 4.5 times reaching almost 1 tonne per day.\"\nPrivate Placement Details\nCHARBONE is issuing 23,614,286 Units, with each Unit priced at $0.13125 and consisting of one common share and one common share purchase warrant.\nThe proceeds from the Equity Offering will be primarily allocated to the Company's purchase and installation of the Phase 1B hydrogen equipment at the Sorel-Tracy site, and general working capital requirements.Each of the units offered (each a \"Unit\"), priced at $0.13125 per Unit, included one common share of the Company (each, a \"Unit Share\") and one common share purchase warrant (each, a \"Warrant\"). Each Warrant gives the holder the right to buy one additional common share of the Company at an exercise price of $0.18 for 24 months after the closing date of the Equity Offering (the \"Closing Date\") with an acceleration right forcing the exercise of Warrants, within 30 days, if the market price of the Company's common shares on the TSX Venture Exchange is $0.30 or higher for 10 consecutive trading days.At the Closing Date, the Company paid a finder's fee of $247,950. It also issued 1,889,143 finder's warrants to regist...