Charbone Hydrogen Corporation (TSE:CH) has released an update.
Charbone Hydrogen Corporation has renegotiated the terms of its convertible debentures with a Finexcorp-led group, extending the maturity date to October 2025, decreasing the annual interest rate to 12%, and lowering the conversion price to $0.10 per share. This strategic financial move aims to bolster the company’s plans to establish green hydrogen production facilities in North America.
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