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CHARBONE Hydrogen Extends Deadline for US$6 Million in Convertible Notes Following US Investors Advanced Discussions

by admin February 1, 2025
February 1, 2025
CHARBONE Hydrogen Extends Deadline for US$6 Million in Convertible Notes Following US Investors Advanced Discussions

(TheNewswire)

Brossard, Quebec, January 31, 2025 TheNewswire – Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce a 30-day extension, subject to Exchange approval, until March 5, 2025 for the private placement financing of a maximum of US$6 million unsecured convertible debt. The Company continues to receive significant interest in this raise, as seen in closing US$1.5M (CA$2.1M) on December 4, 2024. As such, while completing advanced discussions about the Company projects and future well perceived by actual interested investors, the Company decided to extend the timeline for interested parties.

The offering is an unsecured convertible note with a 36-month term at a 12% annual interest rate, led by its US banker, maturing in 2028 or convertible earlier .

Additionally, Charbone has received an additional 338,872$ from exercises of warrants as of January 30, 2025

Also, the Company has reserved March 28, 2025 for its 2023 Annual General and Extraordinary Meeting of Shareholders. Further details will be sent to the Company’s shareholders as of February 6, 2025.

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

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