Charbone Hydrogen (TSXV:CH)

Charbone Hydrogen Announces the Closing of the Second Tranche of its Non-Brokered Private Placement


Charbone Hydrogen Corporation (TSXV:CH) (OTC:CHHYF) (FWB:K47) ("Charbone" or the "Company") is pleased to announce that, in connection with its previously announced private placement financing (the "Offering") "), the Company closed a second tranche of the Offering for an amount of $248,377. Combined with the prior closing, the Company raised a total of $499,877 pursuant to the Offering.

Each Unit, at a price of $0.05 per Unit, is comprised of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional common share of the Company (each, a "Warrant Share") at an exercise price of $0.05 for a period of 12 months following the closing date of the Offering (the "Closing Date"). A total of 4,967,540 units were issued following the closing of the first tranche of the Offering.

The Units are being offered pursuant to the "accredited investor" and "minimum investment" exemptions set out in National Instrument 45-106 Prospectus Exemptions.

It is expected that the Company will use the proceeds of the Offering to fund operations to pursue the Sorel-Tracy (Qc, Canada) project and prepare for a significant potential financing transaction.

The Company may close a third and final tranche of the Offering on or before December 22, 2023. The closing of the Offering is subject to the approval of the TSX Venture Exchange and other customary closing conditions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including all securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any other securities laws, and may not be offered or sold in the United States or to, or for the account of, or for the benefit of, "U.S. Persons" (as defined in Regulation S of the 1933 Act), unless they are registered under the U.S. Securities Act and applicable securities laws, or an exemption from such registration requirements is available. The translated text of the press release should not be considered official in any way. The only authoritative version of the press release is that of the press release in its original language. The translation will always have to be compared with the source text, which will set a precedent.

In addition, the Company launched an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN"). During the term of the 14-month agreement, INN will provide advertising to increase awareness of the Company. INN does not provide investor relations or market-making services. The cost of the campaign is $54,900. INN has also subscribed for 1,098,000 units of the Current Offering. No stock options are granted to INN and no other compensation is payable under its mandate.

About Charbone Hydrogen Corporation

Charbone is a green hydrogen company based in North America. The company's strategy is to develop modular and scalable hydrogen production facilities. Charbone intends to produce green hydrogen molecules from reliable and sustainable energy to distinguish itself as a supplier of an environmentally friendly solution for industrial, commercial and mobility users.

About Dig Media Inc. dba Investing News Network

INN is a privately held company headquartered in Vancouver, Canada, dedicated to providing independent information and education to investors since 2007.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking information" within the meaning of 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. Forward-looking statements reflect Charbone's management's respective expectations, estimates or projections regarding future results or events, based on the opinions, assumptions and estimates believed by management to be reasonable as of the date the statements are made. Although Charbone believes that the expectations expressed 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 differ materially from those expressed in the forward-looking statements. Risks and uncertainties related to Charbone's business may affect forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, those described under the heading "Risk Factors" in the Company's registration change statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; Actual results or events could cause actual events or results to differ materially from those anticipated in the forward-looking statements.

Except as required by applicable securities laws, Charbone undertakes no obligation to update or revise any forward-looking statements.

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

Contacts

Benoit Veilleux

Dave B. Gagnon

Chief Financial Officer and Corporate Secretary

Chief Executive Officer and Chairman of the Board of Directors

Charbone Hydrogen Corporation

Charbone Hydrogen Corporation

Phone: +1 450 678-7171

Phone: +1 450 678-7171

Email: bv@charbone.com

Email: dg@charbone.com


Source

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
Coelacanth Announces Q3 2024 Financial and Operating Results

Coelacanth Announces Q3 2024 Financial and Operating Results

Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. All dollar figures are Canadian dollars unless otherwise noted.

FINANCIAL RESULTS Three Months Ended

Nine Months Ended

 September 30

September 30
($000s, except per share amounts)  2024

2023

% Change

2024

2023

% Change

 
















Oil and natural gas sales 2,362

679

248

9,192

2,459

274

  

 

 

 

 

 
Cash flow used in operating activities (3,730)
(2,553)
46

(954)
(3,830)
(75)
Per share - basic and diluted (1) (0.01)
(0.01)
-

(-)

(0.01)
(100)

  

 

 

 

 

 
Adjusted funds flow (used) (1) (207)
(773)
(73)
1,133

(2,083)
(154)
Per share - basic and diluted (-)

(-)

-

-

(-)

-

  

 

 

 

 

 
Net loss (2,464)
(1,869)
32

(5,994)
(5,823)
3
Per share - basic and diluted (-)

(-)

-

(0.01)
(0.01)
-

  

 

 

 

 

 
Capital expenditures (1) 15,760

31,176

(49)
19,545

39,957

(51)

  

 

 

 

 

 
Adjusted working capital (1)  

 

 

47,264

23,516

101

  

 

 

 

 

 
Common shares outstanding (000s)  

 

 

 

 

 
Weighted average - basic and diluted 530,212

426,476

24

529,605

425,685

24

  

 

 

 

 

 
End of period - basic  

 

 

530,267

426,670

24
End of period - fully diluted  

 

 

617,214

469,781

31
   

 

 

 

 

 
(1) See "Non-GAAP and Other Financial Measures" section.

 

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
BPH Energy Limited  Investee Cortical Dynamics Presentation

BPH Energy Limited Investee Cortical Dynamics Presentation

Perth, Australia (ABN Newswire) - BPH Energy Limited (ASX:BPH) provide a presentation by investee Cortical Dynamics at the Health Innovation Frontier Forum on 18th November 2024. This event will showcase the intersection between technology, health and community.

*To view the presentation, please visit:
https://abnnewswire.net/lnk/91TD2JM9



About BPH Energy Limited:  

BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.

The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.

BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.

BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).



Source:
BPH Energy Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Alvopetro Energy President and CEO Corey Ruttan.

Exclusive Interview with Alvopetro Energy CEO Corey Ruttan

In a recent interview with Alvopetro Energy (TSXV:ALV,OTCQX:ALVOF) President and CEO Corey Ruttan, he expressed confidence that his company is set to become a key player in Brazil’s open gas market.

Alvopetro's natural gas sales increased to 187 percent in October of this year, according to the company. With higher overall sales volumes, revenue rose to $12.9 million, an increase of $0.6 million from Q3 2023 and $2.2 million from Q2 2024.

Keep reading...Show less
Alvopetro Announces Annual Long-term Incentive Grants

Alvopetro Announces Annual Long-term Incentive Grants

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) ("Alvopetro" or the "Company") announces the annual rolling grants of long-term incentive compensation to officers, directors and employees under Alvopetro's Omnibus Incentive Plan. A total of 251,000 stock options, 213,000 restricted share units ("RSUs") and 68,000 deferred share units ("DSUs") were granted on November 15, 2024 . Of the total grants, 163,000 RSUs and 68,000 DSUs were granted to directors and officers, with no stock options granted to any director or officer. Each stock option, RSU and DSU entitles the holder to purchase one common share. Each stock option granted has an exercise price of C$4.89 being the volume weighted average trading price of Alvopetro's shares on the TSX Venture Exchange for the five (5) consecutive trading days up to and including November 15, 2024 . All stock options, RSUs and DSUs granted expire on November 15, 2029 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
  Jupiter Energy

Completion of Gas Pipeline Integraton and the Commencement of the Sale of Gas

Jupiter Energy Limited (ASX: “JPR”) is pleased to provide this update regarding its strategic gas utilisation infrastructure project.

Keep reading...Show less
Jupiter Energy's Block 31.

Jupiter Energy's Innovative Gas Utilisation Solution in Kazakhstan: A Model for Gas Flaring Compliance

With Kazakhstan’s continued focus on tight environmental regulations in the oil and gas sector, smaller and mid-tier players are often faced with needing to address the high price tag that comes with compliance, before being able to enter into full commercial production. One junior oil and gas company in the region, however, has demonstrated that multi stakeholder collaboration can provide the key to achieving not only compliance, but significant economic and social benefits.

Jupiter Energy (ASX:JPR), an ASX-listed junior oil exploration and production company, with fully licensed oil fields in the prolific Mangistau Basin of Kazakhstan, has successfully built the connections — literally and figuratively — that has paved the way for achieving successful commercial oil production, meeting all the tight Kazakh regulatory standards and also building relationships and infrastructure that will benefit a range of local communities in the Mangistau Oblast.

Investors evaluating Kazakhstan’s oil and gas opportunities would benefit from a deeper understanding of the country’s regulations as well as private sector success stories that demonstrate compelling investment cases.

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

×