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Carbon Done Right Announces Closing of $120,000 Non-Brokered Private Placement
Globenewswire·2025-06-30 15:45

Core Viewpoint - Carbon Done Right Developments Inc. has successfully closed a non-brokered private placement, issuing 8,000,000 shares at $0.015 per share, resulting in gross proceeds of $120,000 [1] Group 1: Private Placement Details - The private placement includes a related party transaction, with 4,000,000 units subscribed by related parties [2] - The proceeds from the offering will be used for continued investment in operations and corporate support for the Company's projects globally [3] - The private placement is subject to closing conditions, including necessary approvals from the TSX Venture Exchange, and no finders' fees were paid [4] Group 2: Company Overview - Carbon Done Right is focused on providing high-quality carbon credits from afforestation and reforestation projects, addressing the growing demand for carbon credits from companies aiming for Net Zero goals [6] - The Company engages in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration [6] - Carbon Done Right operates in various jurisdictions, including Sierra Leone, Yucatan, Guyana, and Suriname, under different arrangements with government engagement [6]