Canada Carbon Inc. announced the completion of a non-brokered private placement of 2,466,818 units at a price of CAD 0.055 per unit for aggregate gross proceeds of CAD 135,674.99 on April 10, 2024. The transaction included participation from Chief Executive Officer of the company, Ellerton Castor, for 181,818 units. Each unit is comprised of one common share and one common share purchase warrant. Each warrant shall entitle the holder thereof to acquire one common share in the capital of the company at a price of CAD 0.12 per share for a period of 60 months from the date of issuance. In connection with the transaction, the company paid a cash fee of CAD 4,400 to AlphaNorth Asset Management. All securities issued pursuant to the transaction are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

The company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from four placees and one insider for 181,818 shares.