Carbon2Green Corporation
TSX VENTURE : CGN

Carbon2Green Corporation

August 27, 2010 13:49 ET

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

MONTREAL, QUEBEC, CANADA--(Marketwire - Aug. 27, 2010) - 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Louis Tourillon,
    President & CEO
    Carbon2Green Corporation
    450-786-8990 extension 1001
    info@carbon2green.ca