Carbon Done Right Secures $120,000 through Private Placement
Carbon Done Right Announces Successful Funding Initiative
Carbon Done Right Developments Inc. (TSXV: KLX), a leader in the carbon credit space, has proudly announced the closure of its non-brokered private placement, generating an impressive $120,000. The company has issued a total of 8,000,000 shares, priced at $0.015 each. This strategic move demonstrates their commitment to advancing initiatives centered on afforestation and reforestation, all of which are integral to their mission as a prominent provider of high-quality carbon credits.
Details of the Private Placement
This private placement, which marks a significant moment for Carbon Done Right, not only indicates robust investor interest but also holds particular relevance as it includes related party transactions amounting to 4,000,000 units subscribed by key contributors. The company has opted to utilize exemptions from formal valuation and minority shareholder approval processes to facilitate these related party transactions, adhering to policy guidelines to ensure compliance.
Utilization of Funds
The proceeds from this funding initiative are earmarked for continued investment into operations and enhancing corporate support for various projects spearheaded by Carbon Done Right. The focus on operational expansion underlines the company’s long-term vision of scalability and the development of sustainable carbon credit projects globally.
Closing Conditions
While the private placement has closed successfully, it remains subject to certain conditions, including necessary approvals from relevant institutions such as the TSX Venture Exchange. This serves to ensure that all transactions adhere to established securities laws and regulations, instilling confidence among shareholders and stakeholders alike.
Commitment to Sustainable Practices
Carbon Done Right stands at the forefront of facilitating the growing demand for carbon credits, offering solutions to companies striving to achieve their Net Zero objectives. The company skillfully manages a diverse array of nature-based carbon assets, all acquired through rigorous investment in the exploration, restoration, and management of both terrestrial and marine ecosystems.
They actively engage in projects aimed at enhancing greenhouse gas sequestration and transforming degraded lands into productive ecosystems. Carbon Done Right actively collaborates with various jurisdictions including Sierra Leone and the Yucatan, underscoring its international reach in combating climate change.
About Carbon Done Right
Carbon Done Right is recognized for its innovative approach to carbon asset management and its deep-seated commitment to environmental stewardship. Partnering with some of the world's largest buyers of carbon credits, the company has established itself as a trusted player in the climate change mitigation sector. By investing capital in various operational arrangements, Carbon Done Right demonstrates its adaptability and dedication to impactful carbon strategies.
Corporate Leadership
Under the guidance of James Tansey, Chief Executive Officer, the company's strategic direction emphasizes sustainability, innovation, and transparency. Tansey's leadership is pivotal in navigating Carbon Done Right through the complexities of the carbon market, fostering relationships that benefit both the environment and their corporate stakeholders.
Contact Information
For further information, interested parties can reach out to Carbon Done Right Developments Inc. at:
James Tansey, Chief Executive Officer
Email: james.tansey@klimatx.com
Frequently Asked Questions
What was the amount raised in the private placement?
The private placement raised a total of $120,000 by issuing 8,000,000 shares.
Who are the major stakeholders in this funding?
A significant portion of the funding involved related parties, with 4,000,000 units subscribed by them.
What will the funds be used for?
The proceeds will be directed towards operational investments and corporate support for ongoing projects.
What is the status of the private placement?
The private placement has been closed, pending necessary approvals from relevant regulatory authorities.
Who leads Carbon Done Right?
James Tansey serves as the Chief Executive Officer, steering the company’s initiatives and strategic vision.
About The Author
Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.