CHARBONE Announces Closing of Units for Debt Financing
CHARBONE CORPORATION, a North American producer and distributor of clean Ultra High Purity hydrogen and strategic industrial gases, has announced the closing of units for debt settlements totaling $503,125.
The debt settlements were made with a strategic partner for the Sorel-Tracy plant's construction, with the Company issuing units to settle $503,125 of payables with an arm's-length supplier.
Each unit, priced at $0.12, comprised one common share of the Company and one common share purchase warrant.
The Company has settled $503,125 of payables with an arm's-length supplier through the issuance of units.
Author's summary: CHARBONE CORPORATION closes debt financing totaling $0.5M.
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