Curated News
By: NewsRamp Editorial Staff
April 23, 2026
CHARBONE Boosts Convertible Loan First Drawdown to $3M
TLDR
- Charbone secures up to $10M convertible loan from RiverFort, increasing first drawdown to $3M for faster growth.
- The convertible loan terms include 12% annual interest, conversion at a 25% premium, and warrants exercisable at $0.195 for 48 months.
- Charbone advances clean hydrogen production, supporting a lower-carbon economy and sustainable energy access in North America.
- Charbone's modular hydrogen approach reduces risk and scales clean energy, with a flagship project in Sorel-Tracy, Quebec.
Impact - Why it Matters
This financing strengthens CHARBONE's ability to scale its clean hydrogen production, directly supporting the shift to lower-carbon energy. For investors and the clean energy sector, it signals confidence in CHARBONE's modular hydrogen model and its Sorel-Tracy flagship project, potentially accelerating decentralized hydrogen availability for industrial customers.
Summary
CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47), a North American clean Ultra High Purity (UHP) hydrogen producer, has announced modifications to its secured convertible loan agreement with Riverfort Global Opportunities PCC Ltd. The first drawdown amount has been increased from $2.15 million to $3 million, with terms adjusted to include a conversion price at a 25% premium to the reference price. The loan, which provides up to $10 million in financing, is secured by a first ranking hypothec over Charbone Hydrogène Quebec Inc. and Charbone Hydrogen Corporation assets. The first drawdown is subject to TSX Venture Exchange approval and definitive agreements.
Key changes: subsequent drawdowns will convert at a 25% premium to the five-day VWAP or a 5% market premium, and default interest is capped at 24% per annum. The first drawdown terms remain unchanged: convertible into units at $0.15 per unit, with each whole warrant exercisable at $0.195 for 48 months, 12% annual interest, and repayment in stages over 18 months. An implementation fee of 5% will be paid. CHARBONE also completed the full conversion of $2.05M in September 2025 Convertible Replacement Debentures.
CHARBONE is a developer and producer of clean UHP hydrogen with an industrial gas distribution platform. Its modular approach targets a network of clean hydrogen facilities in North America, starting with the Sorel-Tracy project in Quebec. The company aims to support the transition to a lower-carbon economy by providing decentralized clean hydrogen and specialty gas solutions. For more details, visit www.charbone.com.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, CHARBONE Boosts Convertible Loan First Drawdown to $3M
