Carbon Done Right Successfully Completes $423,750 Placement
Carbon Done Right Completes Final Tranche of Private Placement
Vancouver, BC - Carbon Done Right Developments Inc. (TSXV: KLX) (FSE: Q1C) has announced the closing of its final tranche for a non-brokered private placement, successfully securing a total of $423,750. This recent close follows initial announcements made in late 2024, marking a significant step forward for the company in its capital-raising efforts.
Details of the Private Placement
The company issued an impressive 11,250,000 shares at a price of $0.015 per share in this latest tranche. This brings the overall total of shares issued during the private placement to 28,250,000. Such a robust investment showcases the confidence that investors have in Carbon Done Right and its mission.
Usage of Proceeds
Carbon Done Right intends to allocate the proceeds effectively, focusing on its flagship forest carbon restoration project, vital for improving carbon sequestration efforts. The funds will also help in meeting the required investment obligations for the final milestone payment related to a previously announced agreement, which compliments their growth strategy moving forward.
Related Party Transactions
A portion of the private placement included participation from related parties, amounting to 17,000,000 units. The company availed itself of certain exemptions from the formal valuation and minority shareholder approval processes, ensuring transparency in these transactions.
Commitment to Climate Initiatives
Carbon Done Right is dedicated to combating climate change. The company operates and manages various nature-based carbon assets to meet the growing demand for high-quality carbon credits. Through investments in afforestation and reforestation, the company restores ecosystems and enhances greenhouse gas sequestration.
Innovative Approaches to Carbon Credits
By focusing on restoring and enhancing marine and terrestrial systems, Carbon Done Right is at the forefront of sustainable practices. The company partners with governments in suitable jurisdictions, including initiatives in various regions to create impactful carbon credit projects.
Contact Information and Further Inquiries
If you have further questions or need additional details, please reach out to:
Carbon Done Right Developments Inc.
James Tansey, Chief Executive Officer
Email: james.tansey@klimatx.com
Frequently Asked Questions
What is Carbon Done Right's main focus?
Carbon Done Right primarily focuses on developing high-quality carbon credits through afforestation and reforestation projects.
How much did Carbon Done Right raise in the private placement?
Carbon Done Right successfully raised $423,750 in the final tranche of its non-brokered private placement.
What will the funds from the placement be used for?
The funds will be used to invest in operations, particularly for forest carbon restoration initiatives and meeting final milestone payment obligations.
What is the significance of related party transactions in this placement?
The related party transactions reflect investor confidence and are conducted with transparency, following applicable regulations.
How does Carbon Done Right contribute to climate change solutions?
Carbon Done Right contributes by investing in nature-based solutions and restoring ecosystems to effectively sequester greenhouse gases and enhance biodiversity.
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