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Charbone draws down $1.5 million from RiverFort secured convertible loan facility

PUBT·09/02/2026 11:25:30
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Charbone draws down $1.5 million from RiverFort secured convertible loan facility
  • Charbone lined up a USD 1.5 million advance from RiverFort under its secured USD 10 million Convertible Loan facility.
  • Funding represents half of a second drawdown of up to USD 3 million; closing hinges on TSX Venture Exchange approval.
  • Loan carries 12% annual interest, payable in cash every four months; each drawdown repays over 18 months.
  • Lender can convert this tranche into units at USD 0.2 per unit, each with one share plus 0.3 warrant.
  • Warrants exercise at USD 0.24 per share for 48 months; proceeds target hydrogen plant buildout and working capital.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charbone Corporation published the original content used to generate this news brief via TheNewswire (Ref. ID: 202609020725TNWSWRCACNPR_____1ArbFagvb) on September 02, 2026, and is solely responsible for the information contained therein.