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Carbon Streaming Announces Annual General Meeting Results
Globenewswire· 2025-06-18 22:00
Core Points - Carbon Streaming Corporation held its annual general meeting of shareholders on June 18, 2025, where all five proposed director nominees were elected [1] - A total of 16,029,044 common shares were voted, representing approximately 30.32% of all outstanding common shares [2] - Deloitte LLP was approved as the auditor, and the directors were authorized to fix their remuneration [2] Election Results - Marcel de Groot received 12,531,540 votes in favor, accounting for 83.370% [3] - Olivier P. Garret received 12,518,740 votes in favor, accounting for 83.285% [3] - Marin Katusa received 12,585,416 votes in favor, accounting for 83.728% [3] - Alice Schroeder received 12,517,415 votes in favor, accounting for 83.276% [3] - Sam Wong received 13,937,826 votes in favor, accounting for 92.726% [3] Company Overview - Carbon Streaming focuses on projects that generate high-quality carbon credits while positively impacting the environment, local communities, and biodiversity [5]
Carbon Streaming Announces Corporate Update and Legend Removal Process for All U.S. Investors From the 2021 Financings
Globenewswire· 2025-06-17 22:00
Core Viewpoint - Carbon Streaming Corporation has announced a process for U.S. investors to remove restrictive legends from their share certificates related to the 2021 financings, allowing for easier trading of shares without incurring legal fees [3][5][8]. Group 1: Restrictive Legend Removal - The company has finalized a process for qualifying U.S. investors from the 2021 financings to remove the restrictive legend from their shares at no cost [3][8]. - This initiative is the first of its kind for a publicly listed Canadian company, allowing over 700 U.S. investors to simplify the legend removal process [6][12]. - Eligible shareholders will receive instructions via email from DealMaker around June 23, 2025 [10]. Group 2: Financial Position - As of June 16, 2025, the company holds US$37.0 million (C$50.3 million) in cash, remains debt-free, and has no outstanding legal payables [13]. - The company converted US$18.0 million to Canadian dollars in February 2025, resulting in a foreign exchange gain of approximately US$0.8 million due to a favorable change in the exchange rate [8][13]. Group 3: Carbon Credits and Sales Strategy - The company currently holds 532,720 carbon credits from cookstove projects and 18,990 carbon credits from water purification projects [8]. - The company is leveraging AI-driven analysis to identify active buyers for its carbon credits, aiming to enhance marketing efforts despite weak current market pricing for cookstoves [16]. Group 4: Legal Matters - The company has filed a Notice of Arbitration against Will Solutions Inc. due to the latter's failure to meet project milestones [17]. - The company had previously advanced US$4.0 million to Will Solutions Inc. under a purchase sale agreement that has now been terminated [17]. Group 5: Upcoming Events - The company's Annual General Meeting (AGM) is scheduled for June 18, 2025, at 9:30 a.m. Vancouver time [18].
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]