Mr. Benoit Veilleux reports
CHARBONE HYDROGEN ANNOUNCES UPDATES ON UNITS FOR DEBTS
Regarding the previously announced, on June 3, 2025, closing of units-for-debt settlements, following discussions with the TSX Venture Exchange, Charbone Hydrogen Corp. had to revise the total amount and number of units to be issued.
The company has settled with certain arm's-length suppliers a total of $1,273,702, payable through the issuance of units. A total of 16,982,689 units will be issued upon closing, at a conversion price of 7.5 cents per unit. Any debt settlement will be documented in a formal agreement and is subject to final approval by the TSX Venture Exchange.
About Charbone Hydrogen Corp.
Charbone is an integrated company specialized in ultrahigh-purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of green hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks and increases flexibility. The Charbone group is publicly listed in North America and Europe on the TSX Venture Exchange, the OTCQB exchange and the Frankfurt Stock Exchange.
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