Workflow
Carbon Credits
icon
Search documents
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
VANCOUVER, BC, July 02, 2025 (GLOBE NEWSWIRE) -- Carbon Done Right Developments Inc. ("Carbon Done Right" or the "Company") (TSXV: KLX) (FSE: Q1C), a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company, is pleased to announce it has completed the shares for debt settlement previously announced on May 12. The Company has settled an aggregate of $172,487.50 (US$125,000) of indebtedness owed to a certain arm's leng ...
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 Streaming Announces Annual General Meeting Results
Globenewswire· 2025-06-18 22:00
TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today held its annual general meeting of shareholders (the “Meeting”), where each of the five nominees proposed as directors and listed in the Company’s management proxy circular dated May 6, 2025 were elected as directors. A total of 16,029,044 common shares were voted in respect of the election of directors at the Meeting, representing approximately 30.32 ...
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]