Canada Carbon Engages Alternative Resource Capital for Services
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Canada Carbon Inc. Engages Alternative Resource Capital
Canada Carbon Inc. (the "Company" or "Canada Carbon") (TSX-V:CCB),(FF:U7N1) is excited to announce the engagement of Alternative Resource Capital, a trading name of Shard Capital Partners LLP, as a consultant. The consultant will provide corporate-finance advisory and equity research services as outlined in an engagement letter.
Details of the Engagement Agreement
As part of the engagement, Canada Carbon will compensate the Consultant with an annual fee of £50,000. The compensation structure is designed so that 50% of the Annual Fee will be paid in common shares of the Company at a price determined by the Market Price, while the other 50% will be paid in cash installments of £6,250 prior to each fiscal quarter.
Performance-Based Compensation
The Company has also committed to paying a cash commission of up to 5% on any investments received from investors introduced through the Consultant. This performance-based structure emphasizes the significance of the Consultant's role in enhancing investment opportunities for the Company.
Regulatory Approval and Share Issuance
It should be noted that the Agreement and subsequent issuance of common shares in lieu of cash payment for the Annual Fee is contingent upon achieving approval from the TSX Venture Exchange. Additionally, any common shares issued will be subject to a hold period of four months and a day from the date of issuance, in line with applicable regulations.
Communication from Leadership
Ellerton Castor, Chief Executive Officer and Director of Canada Carbon, emphasizes the importance of this engagement in potentially enhancing the Company’s market position. Communication with shareholders remains a priority, and the Company is committed to transparency during this process.
Contact Information
For further inquiries, stakeholders can reach out via:
Email: info@canadacarbon.com
Phone: (905) 407-1212
Frequently Asked Questions
What is the purpose of engaging Alternative Resource Capital?
The engagement aims to leverage corporate-finance advisory and equity research services to improve investment opportunities and market strategies for Canada Carbon.
What kind of compensation structure is in place for the Consultant?
The Consultant will receive an annual fee of £50,000, with 50% paid in common shares and the other half in cash installments due quarterly.
What approvals are necessary for the issuance of common shares?
The issuance of common shares as payment for the Annual Fee is subject to approval from the TSX Venture Exchange.
Is there a hold period for the common shares issued?
Yes, any common shares issued will be subject to a hold period of four months and a day from their issuance date.
How can stakeholders contact Canada Carbon for more information?
Stakeholders can contact Canada Carbon via email at info@canadacarbon.com or by phone at (905) 407-1212 for any inquiries or information needed.
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