Workflow
Carbon Done Right Developments Inc.
icon
Search documents
CARBON DONE RIGHT DEVELOPMENTS INC. ANNOUNCES CEASE TRADE ORDER
GlobeNewswire News Room· 2025-07-30 23:20
Core Viewpoint - Carbon Done Right Developments Inc. has received a cease trade order from the British Columbia Securities Commission due to failure to file required continuous disclosure documents by the deadline [1][2]. Group 1: Cease Trade Order Details - The cease trade order (CTO) prohibits all trading in the company's securities until the required filings are made and the CTO is revoked [2]. - The company aims to resolve the issues causing the delay and expects to file the necessary documents by September 30, 2025 [3]. Group 2: Company Background - Carbon Done Right is a provider of high-quality carbon credits sourced from afforestation and reforestation projects [1]. - The company focuses on nature-based carbon assets to meet the growing demand for carbon credits from companies pursuing Net Zero goals [4]. - It engages in various arrangements with government entities in jurisdictions such as Sierra Leone, Yucatan, Guyana, and Suriname to enhance greenhouse gas sequestration [4]. Group 3: Required Filings - The documents that were not filed include the Annual Audited Financial Statements for the year ended March 31, 2025, Management Discussion & Analysis, and certificates from the CEO and CFO [6].
CARBON DONE RIGHT DEVELOPMENTS INC. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER
Globenewswire· 2025-07-15 23:40
Core Viewpoint - Carbon Done Right Developments Inc. is experiencing a delay in filing its continuous disclosure documents due to a recent change of auditor, with an expected filing date by September 30, 2025 [1] Group 1: Company Operations - Carbon Done Right is a leading provider of high-quality carbon credits sourced from afforestation and reforestation projects [1] - The company focuses on nature-based carbon assets to meet the growing demand for carbon credits from companies aiming for Net Zero goals [5] - It engages in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration [5] Group 2: Regulatory Actions - The company has applied for a Management Cease Trade Order (MCTO) from the British Columbia Securities Commission, which would prevent management from trading in the company's securities until the documents are filed [2] - There is no guarantee that the MCTO will be granted, and if granted, it would affect the trading ability of the CEO, CFO, and possibly other insiders [2][3] - The British Columbia Securities Commission may issue an issuer cease trade order if the documents are not filed in a timely manner [3] Group 3: Compliance and Internal Policies - During the default period, the company intends to comply with alternative information guidelines as required by National Policy 12-203 [4] - Management and insiders are subject to an insider trading blackout policy consistent with National Policy 11-207 [4] - The company is actively working to resolve outstanding issues related to the audit process and is allocating resources to support its completion [1]
CARBON DONE RIGHT DEVELOPMENTS INC. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER
GlobeNewswire News Room· 2025-07-15 23:40
Core Viewpoint - Carbon Done Right Developments Inc. is experiencing a delay in filing its continuous disclosure documents due to a recent change of auditor, with an expected filing date by September 30, 2025 [1] Group 1: Company Operations - Carbon Done Right is a leading provider of high-quality carbon credits sourced from afforestation and reforestation projects [1] - The company focuses on nature-based carbon assets to meet the growing demand for carbon credits from companies aiming for Net Zero goals [5] - It engages in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration [5] Group 2: Regulatory Actions - The company has applied for a Management Cease Trade Order (MCTO) from the British Columbia Securities Commission, which would prevent management from trading the company's securities until the documents are filed [2] - There is no guarantee that the MCTO will be granted, and if granted, it would affect the trading of the CEO, CFO, and possibly other insiders [2][3] - The British Columbia Securities Commission may issue an issuer cease trade order if the documents are not filed in a timely manner [3] Group 3: Compliance and Internal Policies - During the default period, the company intends to comply with alternative information guidelines as required by National Policy 12-203 [4] - Management and insiders are subject to an insider trading blackout policy consistent with National Policy 11-207 [4] - The company is actively working to resolve outstanding issues related to the audit process and is allocating resources to support its completion [1]
Carbon Done Right Provides Board of Directors Update
Globenewswire· 2025-07-08 21:27
Core Viewpoint - Carbon Done Right Developments Inc. is enhancing its board of directors to strengthen its focus on expanding carbon projects beyond its current nature-based solutions and tropical geographies [1] Group 1: Board Appointments - Yang Zhou has been appointed to the board, bringing over 18 years of experience in finance, ESG, and carbon markets [2] - The company is in the process of recruiting a second board member to further bolster its governance [1] Group 2: Board Changes - Neil Passmore and Abayomi Akinjide will step down from the board to concentrate on their corporate roles in the UK, with Passmore remaining as a consultant for operations in South America [3] Group 3: Company Overview - Carbon Done Right is a provider of high-quality carbon credits from afforestation and reforestation projects, aiming to meet the growing demand for carbon credits from companies pursuing Net Zero goals [4] - The company invests in the restoration and management of ecosystems to enhance greenhouse gas sequestration and has a robust pipeline of carbon credit projects [4]
Carbon Done Right Announces Shares for Debt Settlement
Globenewswire· 2025-07-02 21:01
Core Viewpoint - Carbon Done Right Developments Inc. has successfully completed a shares for debt settlement, converting $172,487.50 (US$125,000) of debt into equity to preserve cash for working capital [1][2]. Company Overview - Carbon Done Right is a provider of high-quality carbon credits sourced from afforestation and reforestation projects, focusing on meeting the growing demand for carbon credits from companies aiming for Net Zero goals [1][3]. - The company operates nature-based carbon assets and invests in the exploration, restoration, and management of terrestrial and marine ecosystems to enhance greenhouse gas sequestration [3]. Financial Settlement - The company issued 11,499,166 common shares at a deemed price of $0.015 per share to settle the debt, which was related to a promissory note from 2024 [2]. - The shares issued will be subject to a four-month hold period from the issuance date [2].
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]
Carbon Done Right Announces Non-Brokered Private Placement and Shares for Debt Settlement, and Provides Business Update
Globenewswire· 2025-05-13 00:15
Core Viewpoint - Carbon Done Right Developments Inc. is raising up to $100,000 through a non-brokered private placement to support its operations and projects globally [1][2] Group 1: Financial Activities - The company plans to issue common shares at a price of $0.015 per share as part of the offering [1] - The offering is expected to close around May 26, 2025, pending necessary approvals [4] - The company intends to settle $165,768 (US$120,000) of debt by issuing 11,051,200 common shares at the same price of $0.015 per share [6] Group 2: Project Developments - The company launched a new mangrove restoration project in Suriname, targeting up to 5,000 hectares of degraded land [2] - The flagship forest carbon restoration project in Sierra Leone was validated under Verra's new forest restoration protocol in December 2024 [3] - The company is seeking new partners for investment opportunities after an existing Offtaker declined to expand their investment [3] Group 3: Company Overview - Carbon Done Right focuses on nature-based carbon assets to meet the growing demand for carbon credits [7] - The company engages in the restoration and management of ecosystems to enhance greenhouse gas sequestration [7] - It operates in various jurisdictions, including Sierra Leone, Yucatan, Guyana, and Suriname, emphasizing environmental stewardship [7]