Business
Charbone Hydrogen Announces Closing of a First Tranche of its $0.75m Non-Brokered Private Placement and Units for Debts Financing for a Total Amount of $0.34m
(TheNewswire) Brossard, Quebec – TheNewswire - December 7, 2023 –...
About this update from Charbone Hydrogen Corporation
[{"type":"text","content":"Charbone Hydrogen Announces Closing of a First Tranche of its $0.75m Non-Brokered Private Placement and Units for Debts Financing for a Total Amount of $0.34m\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Brossard, Quebec –\n \n \n TheNewswire -\n \n \n December 7, 2023\n \n \n –\nCharbone Hydrogen Corporation\n \n \n (TSXV:CH\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:CHHYF\n \n \n )\n \n \n ,\n \n \n (\n \n \n FWB:K47)\n \n \n (“\n \n \n Charbone\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) is pleased to announce the closing of a first tranche of\na private placement financing of units of the Company for gross\nproceeds of $251,500 (the “\n \n \n Offering\n \n \n ”) and Units for debt settlement of\n$88,066, for a total of $339,566.\n \n \n \n \n Each of the units offered (each a “\n \n \n Unit\n \n \n ”), priced at\n$0.05 per Unit, was comprised of one common share of the Company\n(each, a “\n \n \n Unit\nShare\n \n \n ”) and one common share purchase warrant\n(each, a “\n \n \n Warrant\n \n \n ”). Each Warrant will entitle the\nholder thereof to purchase one additional common share of the Company\nat an exercise price of $\n \n \n 0.05\n \n \n for a period of\n \n \n 12\n \n \n months following the closing date of the Offering (the\n“\n \n \n Closing Date\n \n \n ”). A total of 5,030,000 Units were issued pursuant to the\nclosing of the first tranche of the Offering. The Company may issue up\nto an additional 9,970,000 Units, for gross proceeds of up to $498,500\nrepresenting a total Offering of up to $750,000.\n \n \n \n \n At the Closing Date, the Company engaged to pay a\nfinder’s fee of $10,150 plus to issue 203,000 finder’s warrants to\na registered finder in connection with sale of Units to a qualified\nsubscriber introduced to the Company by such finder.\n \n \n \n \n The Units were offered by way of the “accredited\ninvestor” exemptions under National Instrument 45-106 –\n \n \n Prospectus\nExemptions\n \n \n (in Québec, Regulation 45-106 –\n \n \n Prospectus\nExemptions\n \n \n ). However, the Company reserves the\nright not to accept subscription amounts of less than $5,000 (100,000\nUnit...