Mr. Christian Milau reports
CARBON STREAMING ANNOUNCES CLOSING OF BLUE DOT ACQUISITION
Carbon Streaming Corp. has completed its previously announced acquisition of Blue Dot Carbon Corp., a private company with an equity investment in a carbon project developer and certain option rights to invest in future removal (reforestation) projects of its partners.
Pursuant to a share purchase agreement dated May 31, 2024, the number of common shares to be issued as consideration to Blue Dot shareholders was settled 30 days after announcement of the acquisition using a 30-day VWAP (volume-weighted average price) to calculate the number of shares, with a maximum consideration price of 75 cents per share. On closing, the company issued to the shareholders of Blue Dot an aggregate of 4,559,333 common shares of the company at a deemed consideration price of 75 cents per share, representing a total purchase price of $2.5-million (U.S.).
About
Carbon Streaming Corp.
Carbon Streaming
aims to accelerate a net-zero future. The company pioneered the use of streaming transactions, a proven and flexible financing model, to scale high-integrity carbon credit projects to advance global climate action and additional United Nations Sustainable Development Goals. This approach aligns Carbon Streaming's strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability, and positions the company as a trusted source for buyers seeking high-quality carbon credits.
The company's focus is on projects that have a positive impact on the environment, local communities and biodiversity, in addition to their carbon reduction or removal potential. The company has carbon credit streams and royalties related to over 20 projects around the world, including high-integrity removal and avoidance projects from nature-based, agricultural, engineered and community-based methodologies.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.