01:30:03 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Carbon Done Right Developments Inc
Symbol KLX
Shares Issued 122,949,957
Close 2025-06-30 C$ 0.015
Market Cap C$ 1,844,249
Recent Sedar Documents

Carbon Done Right closes $120,000 private placement

2025-06-30 18:38 ET - News Release

Mr. James Tansey reports

CARBON DONE RIGHT ANNOUNCES CLOSING OF $120,000 NON-BROKERED PRIVATE PLACEMENT

Carbon Done Right Developments Inc. has closed the non-brokered private placement that was initially announced on May 12, 2025, and has issued eight million shares at a price of 1.5 cents per share, for gross proceeds of $120,000.

A portion of the private placement constitutes a related party transaction within the meaning of exchange Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101) adopted in the policy. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the private placement. Aggregate number of units subscribed by related parties is four million units.

The company plans to utilize offering proceeds for continued investment into operations and corporate support for the company's projects around the world.

The private placement is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the final approval of the TSX Venture Exchange. The company did not pay any finders' fees in connection with the private placement. The securities issued under the private placement will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the private placement.

We seek Safe Harbor.

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