Charbone Hydrogen Corporation Welcomes New Board Member and Announces Debt Settlements and Amendments
Key Ideas
- Charbone Hydrogen Corporation appoints Mr. Jean-Claude Gonneau, a seasoned executive with vast experience, as a new Board member.
- The company settles management remuneration debts totaling $310,000 through the issuance of common shares to conserve capital.
- The amendment to the terms of convertible debentures has been finalized, increasing the aggregate amount to $1,346,366 with revised conversion terms and expiry date.
- 5,200,000 common share purchase options are granted to directors and executives as per the CHARBONE stock option plan, allowing the purchase of shares at $0.15 per share for a two-year period.
CHARBONE HYDROGEN CORPORATION, based in Brossard, Québec, has announced the nomination of Mr. Jean-Claude Gonneau as a new Board member. Mr. Gonneau brings over 40 years of experience in key management and investment banking roles, specializing in business development and corporate strategies. The company settled management remuneration debts amounting to $310,000 by issuing 4,133,334 common shares. Furthermore, CHARBONE received the final approval to amend the terms of convertible debentures, increasing the total amount to $1,346,366 with revised conversion terms and expiry date. Additionally, 5,200,000 common share purchase options were granted to directors and executives under the CHARBONE stock option plan. CHARBONE is focused on creating green hydrogen production facilities across North America and is the only publicly traded pure-play green hydrogen company in the region. With shares listed on multiple exchanges, the company is committed to producing eco-friendly hydrogen for various sectors.