CHARBONE Hydrogen Announces $2M Convertible Debentures Replacement

Core Viewpoint - CHARBONE Hydrogen Corporation has signed Replacement Debentures amounting to $2,050,000, amending terms of existing secured convertible debentures to enhance financial flexibility and support operational growth [1][4]. Group 1: Replacement Debenture Details - The new Replacement Debenture will be subject to approval from the TSX Venture Exchange [3]. - The maturity date for the debentures has been extended from September 30 and October 31, 2025, to September 30, 2026 [7]. - The convertible balance has increased from $1.7 million to $2.1 million, maintaining the same annual interest rate of 12%, payable monthly [7]. - The conversion price of the debentures has been adjusted from $0.10 per share to $0.07 per share [7]. Group 2: Company Overview - CHARBONE is focused on green hydrogen production and distribution, specializing in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region [5]. - The company is developing a modular network for green hydrogen production and partnering with industry players to supply helium and other specialty gases, aiming to diversify revenue streams and reduce risks [5].