CHARBONE Hydrogen Announces New Board Director and Other Corporate Updates

CHARBONE Hydrogen Announces New Board Director and Other Corporate Updates

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Québec, February 12, 2025 TheNewswire - Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is pleased to announce the nomination of Mr. Jean-Claude Gonneau as a new Board member of Charbone, who will be elected at the Annual General and Extraordinary Meeting of Shareholders on March 28, 2025 .

Mr. Jean-Claude Gonneau is a seasoned executive and senior advisor with over 40 years of relevant experience. He has held key management and investment banking roles as the Founder and General Manager of Camden Associates, an award-winning investment banking boutique. Mr. Gonneau is a high-performing leader and a proven executive, specializing in developing and executing corporate and business development strategies in banking and investment banking, particularly in technology, Greentech, and biotech, as well as non-conventional energy and mining. He possesses extensive international experience, having worked at Duet Asset Management, SG Cowen, Donaldson Lufkin & Jenrette, First Boston Corporation, and BNP Paribas. Additionally, Mr. Gonneau is an excellent communicator with strong interpersonal and leadership skills. He has a successful track record in new business development, market development, strategic planning, fundraising, and executive marketing roles, and he has experience with start-ups, turnaround situations, and corporate strategy development.

Mr. Gonneau has also served as a board member for several publicly traded and private companies in Canada, the United States, and France.

As a seasoned senior executive and board member, Mr. Gonneau will provide exceptional complementary experience to the Board of CHARBONE.

Shares for Debts Issuance

CHARBONE is pleased to announce shares for debt settlements totaling $310,000 in management remuneration debts, including that of the Chief Executive Officer, through the issuance of 4,133,334 common shares at a deemed value of $0.075 per share .

To conserve its capital, the Corporation entered into debt settlement agreements with certain management members, including its Chief Executive Officer, to address remuneration debts. Any debt settlement will be formalized through an agreement and in accordance with Policy 4.4 – Security Based Compensation of the Exchange Corporate Finance Manual . The Shares for Debt are subject to acceptance by the Exchange and require disinterested shareholder approval, as the deemed value of the Common Shares to be issued exceeds $10,000 in aggregate per month. Any securities issued as part of a debt settlement will be subject to a statutory four-month hold period in Canada.

Update on the Amendment to Terms of Convertible Debentures

Following its news release dated June 10, 2024, announcing the agreement of principles to amend certain terms of the secured convertible debentures of the Company (each, a "Debenture" ) originally issued in connection with a private placement totaling CA$1.2 million of 14% secured convertible debentures, and its release dated December 4, 2024, confirming that all requirements have been met, the Company is now pleased to announce receipt of the final approval from the TSX Venture Exchange. It has amended and issued new Debentures as of January 29, 2024, for an aggregate amount of $1,346,366, which will expire on October 31, 2025, featuring an annual interest rate of 12% and a conversion price of $0.10 per Debenture Share. Before the amendment, the expiry date was on October 7, 2024, the annual interest rate at 14% and the conversion price at $0.40 per Debenture Share.

Following the Exchange's approval of the transaction, CHARBONE has issued 1,346,366 warrants to the Debenture holders. Each warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $ 0.10 on or before October 31, 2025.

Grant of Common Share Purchase Options

CHARBONE is pleased to announce the grant of 5,200,000 common share purchase options of CHARBONE ( " Options " ) to directors and executives. These options are granted in accordance with the conditions of the CHARBONE stock option plan. Each Option allows its holder to purchase one common share of the Company for $0.15 per share for a period of two (2) years starting February 12, 2025.

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please 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

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

CH:CC
Charbone Hydrogen

Charbone Hydrogen Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Charbone Hydrogen (TSXV:CH)

Charbone Hydrogen


Keep reading...Show less

The only publicly listed green hydrogen player in Canada.

Charbone Hydrogene signe une entente de conditions pour une facilite de credit de construction de 50 millions USD

Charbone Hydrogene signe une entente de conditions pour une facilite de credit de construction de 50 millions USD

Brossard (Québec) TheNewswire - le 1 er mai 2025 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d'Amérique du Nord cotée en bourse spécialisée dans la production et la distribution d'hydrogène vert, a le plaisir d'annoncer la signature, plus tôt dans la journée, d'une convention non contraignante portant sur un financement de construction d'un montant maximal de 50 millions de dollars US, avec un gestionnaire international de fonds d'infrastructures spécialisé dans les énergies renouvelables, pour une durée de six mois. De plus amples détails sur ce financement de projet seront communiqués dans les 30 prochains jours.

Keep reading...Show less
CHARBONE Hydrogen Signed a USD 50 Million Construction Capital Facility Term Sheet

CHARBONE Hydrogen Signed a USD 50 Million Construction Capital Facility Term Sheet

Brossard, Quebec TheNewswire - May 1, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's sole publicly traded pure-play company specializing in green hydrogen production and distribution, is pleased to announce the signing, made earlier today, of a non-binding term sheet for up to USD 50 million construction capital facility with an international specialized renewable energy infrastructure fund manager for a 6-months term. More details of this project financing credit facility will be communicated in the next 30 days.

" Signing this term sheet for a Construction Capital Facility of 50 million USD is a determining moment for CHARBONE and all of its stakeholders ," said Dave Gagnon, President and CEO of Charbone. He continued , " Going forward, CHARBONE expects to add this construction financing to its other sources of financing to better support its entire deployment strategy. "

Keep reading...Show less
Charbone Hydrogen Announces 2024 Financial Results

Charbone Hydrogen Announces 2024 Financial Results

Brossard, Quebec TheNewswire - April 30, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's sole publicly traded pure-play company specialized in green hydrogen production and distribution, today announces its financial and operating results for the year ending December 31, 2024, highlighted by a 15% year-over-year revenue increase and critical progress toward commencing green hydrogen production at its Sorel-Tracy facility in 2025.

All necessary permits for the Sorel-Tracy facility have been obtained, and Hydro-Québec, the provincial grid company, is completing interconnection, keeping the project on track for 2025 production.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene annonce les resultats financiers 2024

Charbone Hydrogene annonce les resultats financiers 2024

(TheNewswire)

Charbone Hydrogen Corporation

Brossard (Québec) TheNewswire - le 30 avril 2025 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d'Amérique du Nord cotée en bourse spécialisée dans la production et la distribution d'hydrogène vert, a annoncé aujourd'hui ses résultats financiers et opérationnels pour l'exercice se terminant le 31 décembre 2024, marqués par une augmentation de 15 % des revenus sur l'année précédente ainsi que des progrès essentiels vers le démarrage de la production d'hydrogène vert à son usine de Sorel-Tracy en 2025.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene elargit son offre de produits grace a des ententes commerciales avec un producteur de gaz industriels americain de premier niveau

Charbone Hydrogene elargit son offre de produits grace a des ententes commerciales avec un producteur de gaz industriels americain de premier niveau

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Québec TheNewswire - le 31 mars 2025 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d'Amérique du Nord cotée en bourse spécialisée dans la production et la distribution d'hydrogène vert, a le plaisir d'annoncer l'exécution d'ententes d'approvisionnement avec un important producteur et distributeur américain de gaz industriels. La première entente permet à Charbone d'accéder à certains volumes d'hydrogène en anticipation de sa propre production. L a deuxième entente permettra en plus à Charbone d'élargir son offre de produits pour fournir à ses propres clients une variété d'autres gaz, tel que l'hélium et autres gaz industriels qui complémentent les produits d'hydrogène.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Quarterly Activities/Appendix 4C Cash Flow Report

Quarterly Activities/Appendix 4C Cash Flow Report

BPH Energy (BPH:AU) has announced Quarterly Activities/Appendix 4C Cash Flow Report

Download the PDF here.

Oil pumpjack with financial graph overlay, blue and orange lights.

Oil and Gas Price Update: Q1 2025 in Review

The oil sector faced volatility throughout the first quarter of 2025.

Concerns around weak demand, increasing supply and trade tensions came to head in early April, pushing oil prices to four year lows and eroding the support Brent and West Texas Intermediate (WTI) had above the US$65 per barrel level.

Starting the year at US$75 (Brent) and US$72 (WTI), the oil benchmarks rallied in mid-January, reaching five month highs of US$81.86 and US$78.90, respectively. Tariff threats and trade tensions between the US and China, along with soft demand in Asia and Europe, dampened the global economic outlook for 2025 and added headwinds for oil prices.

This pressure caused oil prices to slip to Q1 lows of US$69.12 (Brent) and US$66.06 (WTI) in early March.

Keep reading...Show less
Jupiter Energy (ASX:JPR)

Jupiter Energy


Keep reading...Show less
Source Rock Royalties (TSXV:SRR)

Source Rock Royalties Declares Monthly Dividend

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on May 15, 2025 to shareholders of record on April 30, 2025.

This dividend is designated as an "eligible dividend" for Canadian income tax purposes.

Keep reading...Show less
Charbone Hydrogen

Charbone Hydrogen Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×