Charbone Hydrogen Corporation has executed replacement debentures totaling $2,050,000, fundamentally restructuring terms of existing secured convertible debentures originally issued through a private placement. The comprehensive modification extends the maturity date from September and October 2025 to September 30, 2026, providing the company with additional financial runway during a critical expansion phase. The restructuring also increases the convertible balance from $1.7 million to $2.1 million while maintaining the existing 12% annual interest rate payable monthly, and strategically reduces the conversion price from $0.10 to $0.07 per common share to enhance investor appeal.
The revised financing arrangement requires formal approval from the TSX Venture Exchange, where Charbone trades under the symbol CH. According to Benoit Veilleux, Chief Financial Officer and Corporate Secretary, these modifications deliver enhanced financial flexibility by significantly extending debt maturities while supplying additional capital to complete the acquisition of operational hydrogen production and refueling equipment announced on September 5, 2025. This strategic financial maneuver supports Charbone's broader objective of optimizing its capital structure while advancing its first-mover advantages in the rapidly evolving green hydrogen sector.
Charbone's corporate strategy centers on ultra-high purity hydrogen production and industrial gas distribution across North America and the Asia-Pacific region, employing an innovative modular network approach that partners with existing industry players rather than constructing new facilities. This model allows the company to supply helium and specialty gases while minimizing capital expenditures and accelerating market entry. The debt restructuring represents a critical component of Charbone's financial strategy to position itself competitively within the emerging green hydrogen economy. For comprehensive corporate information, investors can access detailed resources through https://www.charbone.com, while regulatory documentation including the company's filing statement detailing specific risk factors is available via https://www.sedar.com.
