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CGN Carbon2Green Corporation

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Carbon2Green Corporation TSXV:CGN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Carbon2Green Corporation: Financing Through a Convertible Debentures of a Maximum of $ 300,000

27/08/2010 6:49pm

Marketwired Canada


Carbon2Green Corporation ("Carbon2Green" or the "Corporation")(TSX VENTURE:CGN)
announces today its intention to finalize, in the next few days, and subject to
the conditions further described herein, a financing of a maximum of $ 300,000
through convertible debentures in class "A" common shares of the Corporation
(the "Common Shares").


The convertible debentures to be issued will have a term of 24 months, bearing
an interest rate of 14% per annum and payable annually at the anniversary date
of the execution of the convertible debenture. The capital and interest on said
debentures will be convertible at a price of $0.25 per Common Share. A maximum
number of 1,200,000 Common Shares of the Corporation will be reserved with the
TSX Venture Exchange in order to guaranty the conversion right of its holders.
Subject to the TSX Venture Exchange's approval, the funds are intended to
provide adequate working capital to the Corporation and to support the viability
of any projects that may arise. The management of the Corporation intends to
complete the financing prior to the end of this month.


About Carbon2Green (www.carbon2green.ca)

Carbon2Green Corporation is a carbon project developer dedicated to the
international effort to reduce greenhouse gases. Its main business activities
are under the Clean Development Mechanism (CDM), an arrangement under the Kyoto
Protocol monitored by the United Nations Framework Convention on Climate Change
(UNFCCC). The first business initiative of Carbon2Green is the implementation of
the plantation of 14,000 ha of jatropha and the production of biofuel from such
jatropha plantations as replacement for fossil derived diesel.


1 Year Carbon2Green Corporation Chart

1 Year Carbon2Green Corporation Chart

1 Month Carbon2Green Corporation Chart

1 Month Carbon2Green Corporation Chart