CHARBONE Hydrogen Extends Deadline for US$6 Million in Convertible Notes
Brossard, Quebec, December 31, 2024 – 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 please to announce a 30-day extension, subject to Exchange approval, until February 3, 2025 for the private placement financing of a maximum of US$6 million unsecured convertible debt. The Company continues to receive significant interest in this raise, as seen in closing US$1.5M (CA$2.1M) on December 4, 2024. As such and considering the holidays, the Company decided to extend the timeline for interested parties.
The offering is an unsecured convertible note with a 36-month term at a 12% annual interest rate, led by its US banker, maturing in December 2027 or convertible earlier.
Additionally, Charbone has received an additional 133,500$ from exercises of warrants as of December 30, 2024.
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CHARBONE Hydrogen Extends Deadline for US$6 Million in Convertible Notes, source
