Charbone Hydrogen Issued $2M Convertible Replacement Debentures
BROSSARD, QUEBEC – October 1, 2025 (NEWMEDIAWIRE) – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), a company dedicated to green hydrogen production and distribution, following its news release dated September 18, 2025, which announced the signing of Replacement Debentures amounting to $2,050,000 (the “Replacement Debentures”) by amending specific terms of the Company’s secured convertible debentures (each, a “Debenture”) originally issued in connection with a private placement of debentures totaling $1,746,366 of 12% secured convertible debentures, and including an additional $303,634 received in cash by the Company, is now pleased to announce receipt of final approval from the TSX Venture Exchange.
CHARBONE has amended and issued the new Replacement Debentures as of September 30, 2025, for an aggregate amount of $2,050,000, which will expire on September 30, 2026, featuring an annual interest rate of 12% and a conversion price of $0.07 per Debenture Share. Before the amendment, the expiry dates were September 30 and October 31, 2025, with the same annual rate of 12% and a conversion price of $0.10 per Debenture Share. The Replacement Debentures will be subject to the statutory four-month hold period in Canada.
For more information on the $1,346,366 Debentures that were expiring on October 31, 2025, and originally signed on October 7, 2022, then amended on January 29, 2025, please refer to the Company’s news releases dated October 11, 2022, June 10, 2024, December 4, 2024, and February 12, 2025.
The additional proceeds are intended to accelerate the cash inflow needed to cover the acquisition of production equipment for hydrogen and related costs announced on September 5, 2025. The Company will issue another press release in the next few days to announce the closing of the equipment acquisition once the effective date is reached, marking the start of the equipment dismantling process.
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Charbone Hydrogen Issued $2M Convertible Replacement Debentures, source
