FAQ: Charbone Hydrogen's $2M Convertible Replacement Debentures and TSX Venture Exchange Approval
Summary
Charbone Hydrogen Corporation has received final TSX Venture Exchange approval for $2,050,000 in replacement convertible debentures, which extend the maturity date to September 30, 2026 and lower the conversion price to $0.07 per share.
What is the main announcement in this news release?
Charbone Hydrogen Corporation has received final TSX Venture Exchange approval for $2,050,000 in replacement convertible debentures that amend the terms of previously issued debentures.
What are the key terms of the new Replacement Debentures?
The Replacement Debentures have an aggregate amount of $2,050,000, expire on September 30, 2026, feature a 12% annual interest rate, and have a conversion price of $0.07 per Debenture Share.
How do the new terms differ from the previous debenture terms?
The previous debentures had expiry dates of September 30 and October 31, 2025 with a conversion price of $0.10 per share, while the new debentures extend to September 30, 2026 and lower the conversion price to $0.07 per share.
Why did Charbone Hydrogen issue these replacement debentures?
The additional proceeds are intended to accelerate cash inflow needed to cover the acquisition of production equipment for hydrogen and related costs that were announced on September 5, 2025.
When were the Replacement Debentures issued and when do they expire?
The Replacement Debentures were issued on September 30, 2025 and will expire on September 30, 2026.
What regulatory requirements apply to these Replacement Debentures?
The Replacement Debentures will be subject to the statutory four-month hold period in Canada as required by securities regulations.
Where can investors find more information about the original debentures?
Investors can refer to the Company’s previous news releases dated August 31, 2023, January 31, 2024, and March 26, 2024 for the $400,000 debentures, and October 11, 2022, June 10, 2024, December 4, 2024, and February 12, 2025 for the $1,346,366 debentures.
What is Charbone Hydrogen’s business focus?
Charbone is an integrated company specializing in Ultra High Purity (UHP) hydrogen and strategic distribution of industrial gases in North America and Asia-Pacific, developing a modular network of green hydrogen production.
Where is Charbone Hydrogen publicly listed?
The company is listed on the TSX Venture Exchange (TSXV: CH), OTC Markets (OTCQB: CHHYF), and Frankfurt Stock Exchange (FSE: K47).
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