- Charbone Hydrogen (CH) has executed a purchase and sale agreement between its subsidiary, Charbone Corporation USA and NORTHWOODS HYDROPOWER INC.
- The agreement is for the acquisition of all of the general partner and limited partner interests of Wolf River Hydro Limited Partnership, including a hydropower plant
- The acquisition of Wolf River is being financed in part through a private placement by Charbone of an aggregate principal amount of C$1.2 million
- Executive VP Stephane Dallaire sat down with Sabrina Cuthbert to discuss the news
- Charbone is a Canadian green hydrogen company whose strategy consists of developing modular and expandable hydrogen facilities
- Charbone Hydrogen (CH) opened trading at C$0.22
Charbone Hydrogen (CH) has executed a purchase and sale agreement between its subsidiary, Charbone Corporation USA and NORTHWOODS HYDROPOWER INC.
The agreement is for the acquisition of all of the general partner and limited partner interests of Wolf River Hydro Limited Partnership, the owner of the 700 kW operating hydropower plant in Shawano, Wisconsin.
The purchase price for the acquisition is US$700,000. The transaction is to be closed on or before November 15, 2022.
Executive VP Stephane Dallaire sat down with Sabrina Cuthbert to discuss the news.
The acquisition of Wolf River is being financed in part through a private placement by Charbone of an aggregate principal amount of C$1.2 million of 14 per cent secured convertible debentures maturing on October 7, 2024.
In addition to the acquisition of Wolf River, proceeds from the private placement will be used for the advancement of Charbone’s development initiatives and general working capital.
Charbone is a Canadian green hydrogen company. The company’s strategy consists of developing modular and expandable hydrogen facilities.
Charbone Hydrogen (CH) opened trading at C$0.22.