Carbon2Green Corporation

Carbon2Green Corporation

September 30, 2010 10:26 ET

Carbon2Green Corporation : Closing of the Financing of $190,000 Through Convertible Debentures

MONTREAL, QUEBEC, CANADA--(Marketwire - Sept. 30, 2010) - Carbon2Green Corporation (TSX VENTURE:CGN) ("Carbon2Green" or the "Corporation") is proud to announce the closing of a financing of $190,000 through convertible debentures in Common Shares, as disclosed by press release on August 27, 2010.

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. While the capital will be convertible at a price of $0.25 per Common Share. Each issued Common Share will be subject to a 4 month holding period. A number of 760,000 Common Shares of the Corporation is reserved with the TSX Venture Exchange in order to guaranty the conversion right of its holders. The TSX Venture Exchange having approved the placement, the funds are intended to provide adequate working capital to the Corporation and to support the viability of any projects that may arise.

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

  • Carbon2Green Corporation
    Louis Tourillon
    President & CEO
    450-786-8990 extension 1001