- Charbone Hydrogen (CH) has closed a private placement for total gross proceeds of $1,197,600
- Under the final tranche, Charbone issued 4,628,335 units priced at $0.12 per unit for gross proceeds of $555,400
- Charbone is a Canadian green hydrogen company whose strategy consists of developing modular and expandable hydrogen facilities
- Charbone Hydrogen (CH) opened trading at C$0.175
Charbone Hydrogen (CH) has closed a private placement for total gross proceeds of $1,197,600.
Under the final tranche, Charbone issued 4,628,335 units priced at $0.12 per unit for gross proceeds of $555,400. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.20 for a period of 24 months following the closing of the offering.
The proceeds from the final tranche will be used for equipment purchases in preparation for further phases of its Sorel-Tracy green hydrogen facility and for general working capital purposes.
All securities issued are subject to a statutory four-month hold period.
Charbone is developing modular and scalable hydrogen production facilities in Canada and the U.S.
Charbone Hydrogen (CH) opened trading at C$0.175.