Charbone Hydrogen Corporation has announced the signing of replacement debentures totaling $2,050,000, modifying terms of existing secured convertible debentures originally issued through a private placement. The restructuring extends the maturity date from September and October 2025 to September 30, 2026, increases the convertible balance from $1.7 million to $2.1 million while maintaining a 12% annual interest rate payable monthly, and reduces the conversion price from $0.10 to $0.07 per common share.
The revised financing arrangement requires approval from the TSX Venture Exchange, where Charbone trades under the symbol CH. According to Benoit Veilleux, Chief Financial Officer and Corporate Secretary, these changes provide enhanced financial flexibility by significantly extending maturities and supplying additional capital to complete the acquisition of operational hydrogen production and refueling equipment announced on September 5, 2025.
This financial restructuring supports Charbone's strategy to optimize its capital structure while advancing its first-mover advantages in the green hydrogen sector. The company focuses on ultra-high purity hydrogen production and industrial gas distribution across North America and the Asia-Pacific region, employing a modular network approach that partners with existing industry players to supply helium and specialty gases without constructing new facilities.
For additional corporate information, investors can visit https://www.charbone.com. Regulatory documents including the company's filing statement detailing risk factors are available through https://www.sedar.com.
