Charbone Secures $10M Convertible Loan Agreement with RiverFort
Charbone Corporation has signed a term sheet for a $10 million secured convertible loan with RiverFort Global Capital. This financing is critical for advancing Charbone's hydrogen production capacity and supporting its growth strategy.
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Charbone Corporation has entered a term sheet for a secured convertible loan with RiverFort Global Capital, providing for up to $10 million in funding. An initial drawdown of $2.15 million will be accessible upon finalizing a definitive agreement and obtaining TSX Venture Exchange approval.
This financing will enhance Charbone's capacity in hydrogen production and support its industrial gases initiatives. Additionally, Charbone has partially converted $1.15 million of its September 2025 Convertible Replacement Debentures. Successful completion of this loan could significantly improve Charbone's financial position and accelerate its growth initiatives.
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