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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

Post by glasradoon Nov 27, 2023 12:52pm
119 Views
Post# 35754644

CH

CH

2023-11-27 12:42 ET - News Release

Mr. Benoit Veilleux reports

CHARBONE HYDROGEN LAUNCHES A TRANSACTION INDICATIVE OFFERS PROCESS AND APPOINTS MAXIM GROUP AS ITS EXCLUSIVE FINANCIAL ADVISOR

Charbone Hydrogen Corp. has executed an engagement letter to appoint Maxim Group LLC (" Maxim ") as the Charbone's exclusive financial advisor to perform the advisory services in connection with a merger and acquisition transaction (the " Agreement "). The executed Agreement between the parties will provide Charbone with the strong and experienced investment banking partner to lead the offers process to invite existing and potential partners to participate in a proposed transaction that is expected to be undertaken by the Company with respect to the potential partnership or sale, in part or in whole, of certain of its developed projects, and potential equity position in the Company or its subsidiaries (the " Transaction "). Charbone and Maxim has launched the process where candidates, newly presented to or already in discussion with Charbone, will be invited to submit an indicative offer for the Transaction no later than 17:00h EST on December 15, 2023.

The upcoming closing of the Transaction is part of Charbone's financing plan to complete its first project at Sorel-Tracy (Quebec, Canada), which is under construction and planned to be in production in the first semester of 2024 and to continue the development of a network of up to 15 facilities in Canada and the United States of production and distribution of renewable hydrogen by 2028.

About Charbone Hydrogen Corporation

Charbone is a green hydrogen group established in North America. The company's strategy is to develop modular and expandable hydrogen facilities and regional hubs. Charbone will be able to produce green dihydrogen molecules using reliable and sustainable energy in order to distinguish itself as a supplier of an ecological solution for industrial, commercial and mobility users.

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