{"id":814,"date":"2026-03-31T14:19:29","date_gmt":"2026-03-31T14:19:29","guid":{"rendered":"https:\/\/charbone2.eliweb.ca\/?post_type=news&p=814"},"modified":"2026-07-24T17:31:14","modified_gmt":"2026-07-24T17:31:14","slug":"charbone-announces-term-sheet-with-riverfort-for-10m-convertible-loan","status":"publish","type":"news","link":"https:\/\/charbone2.eliweb.ca\/en\/new\/charbone-announces-term-sheet-with-riverfort-for-10m-convertible-loan\/","title":{"rendered":"CHARBONE Announces Term Sheet with RiverFort for $10M Convertible Loan"},"content":{"rendered":"

Brossard, Quebec, March 31, 2026 \u2013 CHARBONE CORPORATION<\/strong> (TSXV: CH; OTCQB: CHHYF; FSE: K47) (\u201cCHARBONE<\/strong>\u201d or the \u201cCompany<\/strong>\u201d), a North American producer and distributor specializing in clean Ultra High Purity (\u201cUHP<\/strong>\u201d) hydrogen and strategic industrial gases, is pleased to announce that it has entered into a secured convertible loan term sheet dated March 30, 2026 (the \u201cConvertible Loan\u201d) that provides for up to $10 million of financing from RiverFort Global Capital Ltd (\u201cRiverFort\u201d or the \u201cLender\u201d), representing a significant milestone in CHARBONE\u2019s current financing and growth strategy.<\/p>\n

The Convertible Loan provides for a $10 million secured convertible loan commitment, including an initial $2.15 million first drawdown that will become available upon the signature of a definitive agreement with RiverFort and concurrent closing, subject to approval by the TSX Venture Exchange. The Company is currently working with the RiverFort team on the definitive agreement for the Convertible Loan. If completed, the Convertible Loan is expected to provide CHARBONE with growth capital to advance further in its hydrogen production capacity investments and to accelerate development timelines.<\/p>\n

\u201cThis first step in establishing a strategic financing with RiverFort represents a transformative step for CHARBONE. It not only provides the capital to accelerate our hydrogen production projects, including our Sorel-Tracy project, but also gives us the flexibility to pursue industrial gases growth,\u201d said Benoit Veilleux, CHARBONE\u2019s Chief Financial Officer and Corporate Secretary<\/strong>. \u201cWith this long-term partner and a strengthened balance sheet, we are well positioned to execute our growth strategy and create sustainable shareholder value.\u201d <\/em><\/p>\n

About RIVERFORT <\/strong><\/p>\n

RiverFort provides debt and equity-based capital to high-growth companies. As an international business operating from offices in London, Australia and Gibraltar along with a strong presence in Europe, and Canada. RiverFort has a multi-sector and global orientation. RiverFort prides itself in creating mutually beneficial partnerships between its alternative funding sources, including family office co-investors, and investee companies it believes in. The RiverFort team has executed in excess of US$15bn of growth financing transactions.<\/p>\n

Financing Highlights <\/strong><\/p>\n