Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced the closing of the second tranche of a private placement, raising $248,377, bringing the total gross proceeds to $499,877.
Each unit, priced at $0.05, consists of one common share and one common share purchase warrant, allowing the holder to purchase an additional share at $0.05 within 12 months.
The funds will support operations for the Sorel-Tracy project in Quebec, Canada, and facilitate potential financing transactions.