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CHARBONE Hydrogen Announces Closing of a Second and Final Tranche, Oversubscribing its $1M Non-Brokered Private Placement
Thenewswireยท 2025-10-06 11:25
Core Insights - CHARBONE HYDROGEN CORPORATION successfully completed a $1M non-brokered private placement, raising a total of $1.013 million after the second tranche [1][2] - The funds will be used for re-installation of hydrogen equipment at the Sorel-Tracy site and infrastructure development to support long-term growth [2][5] - The second tranche involved issuing 9,183,334 Units at a price of $0.06 each, with each Unit consisting of one common share and one common share purchase warrant [3][5] Company Overview - CHARBONE is focused on building a clean Ultra High Purity (UHP) hydrogen production and distribution network in North America [1][4] - The company employs a modular approach to develop a distributed network of green hydrogen production plants while diversifying revenue through helium and specialty gas partnerships [4] - CHARBONE is listed on the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange [4]