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Charbone Hydrogen Corp V.CH

Alternate Symbol(s):  CHHYF

Charbone Hydrogen Corporation is a Canada-based integrated green hydrogen company. The Company is focused on the deployment of a North American network of production plants and technological solutions for the production and distribution of green hydrogen, produced from clean and renewable energies. It produces and distributes green hydrogen, totally environmental-friendly and eco-responsible, and without any CO2 emissions. It delivers compressed hydrogen in a variety of sizes and personalized customer service, available at all times.


TSXV:CH - Post by User

Comment by schocoron Jan 20, 2023 10:15am
85 Views
Post# 35235371

RE:RE:northwoods acquisition : financing the $3.6 m USD?

RE:RE:northwoods acquisition : financing the $3.6 m USD?
Patrick2Linton wrote:

schocor wrote: did anybidy see where they are getting the financing for the nirthwoods acquisition? 3.6 m usd. 

they have an open equity raise that expires tomorrow; but that was only for 1.8 m cdn i believe and i an not sure it it 100% subscribed at .12 with a .20 warrant. last tranche was just under $1m raised i note. 

thanks for the info


Unknown future liabilities. 

Update on the Gaussin matter

Charbone is presently defending itself under an arbitration proceeding instituted by Gaussin SA regarding the proposed partnership between the companies that was referenced in the non-binding investment term sheet dated May 23, 2022. Given the non-binding nature of the term sheet and the fact that Charbone did not enter into any definitive agreement with Gaussin, Charbone is of the view that the arbitration and any claims alleged by Gaussin SA are ill founded and without merit, and Charbone will defend its interests.



i am not overly worroed about financaial implication from that cancelled deal; it looks to be a non binding MOU. shareholders just need to remember the weight these MOUs carry. 

it is not a great look to out out a PR announcing a VP dismissal/quitting and news of this lawsuit; but i am not sure there is anything to this comaony other than VERY small hydro electic plants, bought from a canadian family, and a series of press releases. 

still looking fir the story on that hydrogen plant on tracy-sorel and when it open and where that asset sits on the balance sheet; i either cant find it or its valued at less than 1m..... curious. 
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