CHARBONE Announces Closing of Units for Debt Financing Totaling $0.5M

Core Points - CHARBONE CORPORATION has successfully closed a debt settlement amounting to $503,125 with a strategic partner for the construction of its Sorel-Tracy plant [1][2] - The settlement was achieved through the issuance of 4,192,708 units, each priced at $0.12, which includes one common share and one common share purchase warrant [2] - The warrants allow the holder to purchase additional common shares at an exercise price of $0.14 for 12 months following the closing date [2] - The company aims to manage its cash prudently while advancing production for the Sorel-Tracy project [2] Company Overview - CHARBONE CORPORATION specializes in clean Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and Asia-Pacific [3] - The company is building a distributed network of green hydrogen production plants and diversifying revenues through helium and specialty gas partnerships [3] - This modular approach is designed to reduce risk, enhance flexibility, and position CHARBONE as a leader in the transition to a low-carbon future [3]