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Charbone Hydrogen Announces Closing of a First Tranche of its Non-Brokered Private Placement of up to $1,500,000
(TheNewswire) NOT FOR DISSEMINATION OR DISTRIBUTION INTO THE UNITED STATES OR THROUGH UNITE...
About this update from Charbone Hydrogen Corporation
[{"type":"text","content":"Charbone Hydrogen Announces Closing of a First Tranche of its Non-Brokered Private Placement of up to $1,500,000\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NOT FOR DISSEMINATION OR DISTRIBUTION\nINTO THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE\nSERVICES\n \n \n \n \n Brossard, Québec –\n \n \n TheNewswire\n-\n \n \n December 15, 2022 – Charbone Hydrogen\nCorporation (TSXV:CH) (“\n \n \n Charbone\n \n \n ” or the “\n \n \n Company\n \n \n ”) is\npleased to announce the closing of a first tranche of a private\nplacement financing of units of the Company for gross proceeds of\n$526,196 (the “\n \n \n Offering\n \n \n ”).\n \n \n \n \n Each of the units offered (each a “\n \n \n Unit\n \n \n ”), priced at\n$0.12 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 0.20\n \n \n for a period of\n \n \n 24\n \n \n months following the closing date of the Offering (the\n“\n \n \n Closing Date\n \n \n ”). A total of 4,384,969 Units were issued pursuant to the\nclosing of the first tranche of the Offering.  The Company may issue\nup to an additional 8,115,031 Units, for gross proceeds of up to\n$973,804 representing a total Offering of up to $1,500,000.\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 ). In addition, the Company has\ndecided that the Offering will also be open to participation by\nexisting Charbone shareholders resident in Canada (the “\n \n \n Eligible Charbone Hydrogen\nShareholders\n \n \n ”) of record as of the close of\nbusiness on December 14, 2022 (the “\n \n \n Record Date\n \n \n ”)\npursuant to\n \n \n Regulation 45-513\nrespecting Prospectus Exemption for Distribution to Existing Security\nHolders\n \n \n , and similar prospectus exemptions in\nother provinces of Ca...