CHARBONE Hydrogen Announces $2M Convertible Debentures Replacement

CHARBONE Hydrogen Announces $2M Convertible Debentures Replacement

(TheNewswire)

Brossard, Quebec, September 18, 2025 TheNewswire Charbone Hydrogen Corporation (TSXV: CH,OTC:CHHYF; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE ") a company focused on green hydrogen production and distribution is pleased to announce the signature of Replacement Debentures of an amount of $2,050,000 (the "Replacement Debenture" ) by amending certain terms of the secured convertible debentures of the Company (each, a "Debenture" ) that the Company issued in connection with the private placement of debentures of an aggregate principal amount of $1,746,366 of 12% secured convertible debentures.

Before the Replacement Debenture took effect as of September 30, 2025, the Debentures were convertible into common shares of CHARBONE (each, a "Debenture Share" ) at a conversion price of $0.10 per share until maturity.

Under the new Replacement Debenture:

  • The maturity date has been extended from September 30 and October 31, 2025 to September 30, 2026;

  • The convertible balance moves from $1.7 million to $2.1 million with the same annual rate of 12%, payable monthly, and

  • The conversion price of the Debentures moves from $0.10 per Debenture Share to $0.07 per Debenture Share

The new Replacement Debenture will be subject to the approval of the TSX Venture Exchange.

" These changes announce today to the existing debentures is providing a new financing flexibility to Charbone by extending significantly the maturities and provide us with additional financing to complete and execute the acquisition of the operational hydrogen production and refueling equipment, announced on September 5, 2025, " said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE . " As we gain momentum, we are continuously working towards optimizing our capital structure and advance our first-mover advantages as well as our shareholder interests ."

About Charbone Hydrogen CORPORATION

CHARBONE is an integrated company specialized in Ultra High Purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of green hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks, and increases flexibility. The CHARBONE group is publicly listed in North America and Europe on the TSX Venture Exchange (TSXV: CH,OTC:CHHYF), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .

Forward-Looking Statements

This news release contains statements that are "forward-looking information" as defined under Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends", "anticipates", "expects", "believes", "plans", "likely", or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Benoit Veilleux

CFO and Corporate Secretary

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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