December 31, 2021
Global Carbon Credit Corp. (the “Company”) is pleased to announce, as a follow-up to its news release dated December 22, 2021, that it has closed a second tranche of its non-brokered private placement to raise $1,249,700 through the issuance of 2,499,400 units (the “Units”) at a price of $0.50 per Unit. Each Unit is comprised of one common share (a “Share”) and one-half of a Share purchase warrant (a “Warrant”), of which each whole Warrant entitles the holder to acquire one Share exercisable at $1.00 for a period of 24 months from the date of issuance of the Units.
The Shares, and any Shares to be issued on exercise of the Warrants, are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance of the Units.
To date, the Company has raised a total of $39,616,051 by way of its non-brokered private placements. The net proceeds of the private placements will be used to finance the Company’s entry into the carbon credits and carbon offsets industry.
ON BEHALF OF THE BOARD:
Scott Davis
Director