Canada Carbon Inc. Engages Alternative Resource Capital
Canada Carbon Inc. (referred to as "the Company" or "Canada Carbon") (TSX-V:CCB),(FF:U7N1) is pleased to announce that it has engaged Alternative Resource Capital, a trading name of Shard Capital Partners LLP, as a consultant. This partnership will focus on providing corporate-finance advisory and equity research services as detailed in an engagement letter.
Details of the Engagement Agreement
Under the terms of this engagement, Canada Carbon will pay the Consultant an annual fee of £50,000. This fee structure stipulates that half of the Annual Fee will be compensated in common shares of the Company, with the share price determined by the Market Price. The remaining 50% will be paid in cash installments of £6,250 before each fiscal quarter.
Performance-Based Compensation
Additionally, the Company has agreed to offer a cash commission of up to 5% on any investments that come from investors introduced by the Consultant. This performance-based model underscores the Consultant's vital role in boosting investment opportunities for the Company.
Regulatory Approval and Share Issuance
It is important to note that the Agreement and the subsequent issuance of common shares in place of cash payment for the Annual Fee are dependent on receiving approval from the TSX Venture Exchange. Furthermore, any common shares issued will be subject to a hold period of four months and a day from the issuance date, in accordance with relevant regulations.
Communication from Leadership
Ellerton Castor, the Chief Executive Officer and Director of Canada Carbon, highlights the significance of this engagement in potentially strengthening the Company’s market position. Maintaining open communication with shareholders is a top priority, and the Company is dedicated to ensuring transparency throughout this process.
Contact Information
For any further inquiries, stakeholders can get in touch through:
Email: info@canadacarbon.com
Phone: (905) 407-1212
Frequently Asked Questions
What is the purpose of engaging Alternative Resource Capital?
The engagement is intended to utilize corporate-finance advisory and equity research services to enhance 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 remaining 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 requires approval from the TSX Venture Exchange.
Is there a hold period for the common shares issued?
Yes, any common shares issued will have a hold period of four months and a day from their issuance date.
How can stakeholders contact Canada Carbon for more information?
Stakeholders can reach out to Canada Carbon via email at info@canadacarbon.com or by phone at (905) 407-1212 for any inquiries or information needed.
