CANADA CARBON INC. COMPLETES SHARES FOR DEBT TRANSACTION
25 Gennaio 2024 - 2:11AM
Further to its press release dated January 9, 2023, Canada Carbon
Inc. (the "
Company")
(TSX-V:
CCB) (OTC: BRUZF) (Frankfurt: U7N1)
announces that it has received TSXV approval for an agreement to
extinguish an aggregate of $145,417 in debt owing to former Chief
Financial Officer and Chief Executive Officer, Olga
Nikitovic. The debt was extinguished in consideration for the
issuance of an aggregate of 4,406,575 common shares in the capital
of the Company (the “
Common Shares”) at a deemed
price of $0.033 per share (the “
Debt Settlement”).
The Common Shares issued pursuant to the Debt
Settlement will be subject to a statutory four month and one day
hold period expiring on May 25, 2024.
CANADA CARBON INC. “Ellerton
Castor”Chief Executive Officer and DirectorContact
InformationE-mail inquiries: info@canadacarbon.comP: (905)
407-1212
FORWARD LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking information” (“forward-looking
information”) within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking information and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events
or performance (often but not always using phrases such as
“expects”, or “does not expect”, “is expected”, “anticipates” or
“does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”,
“estimates”, “believes” or “intends” or variations of such words
and phrases or stating that certain actions, events or results
“may” or “could”, “would”, “might” or “will” be taken to occur or
be achieved) are not statements of historical fact and may be
forward-looking information. Forward-looking statements in this
news release include statements regarding the Debt Settlement. In
disclosing the forward-looking information contained in this press
release, the Company has made certain assumptions. Although the
Company believes that the expectations reflected in such
forward-looking information are reasonable, it can give no
assurance that the expectations of any forward-looking information
will prove to be correct. Known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information. Such factors include but are not
limited to: compliance with extensive government regulations;
domestic and foreign laws and regulations adversely affecting the
Company’s business and results of operations; the impact of
COVID-19; and general business, economic, competitive, political,
and social uncertainties. Accordingly, readers should not place
undue reliance on the forward-looking information contained in this
press release. Except as required by law, the Company disclaims any
intention and assumes no obligation to update or revise any
forward-looking information to reflect actual results, whether as a
result of new information, future events, changes in assumptions,
changes in factors affecting such forward-looking information or
otherwise.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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