Carbon2Green Corporation : Closing of the Financing of $190,000 Through Convertible Debentures
September 30 2010 - 9:26AM
Marketwired
Carbon2Green Corporation (TSX VENTURE: CGN) ("Carbon2Green" or the
"Corporation") is proud to announce the closing of a financing of
$190,000 through convertible debentures in Common Shares, as
disclosed by press release on August 27, 2010.
The convertible debentures to be issued will have a term of 24
months, bearing an interest rate of 14% per annum and payable
annually at the anniversary date of the execution of the
convertible debenture. While the capital will be convertible at a
price of $0.25 per Common Share. Each issued Common Share will be
subject to a 4 month holding period. A number of 760,000 Common
Shares of the Corporation is reserved with the TSX Venture Exchange
in order to guaranty the conversion right of its holders. The TSX
Venture Exchange having approved the placement, the funds are
intended to provide adequate working capital to the Corporation and
to support the viability of any projects that may arise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Carbon2Green Corporation Louis Tourillon President
& CEO 450-786-8990 extension 1001 info@carbon2green.ca
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