Carbon Done Right Developments Inc. announced a best efforts private placement of up to a maximum of 43,111,000 common shares at a price of CAD 0.05 per share for gross proceeds of approximately CAD 2,155,550 on April 10, 2024. The Offering is scheduled to close on or about April 26, 2024, or such date as the Agent and the company may agree upon, and is subject to certain conditions, including but not limited to, the receipt of all necessary approvals including the conditional approval of the TSXV. The securities issued under the Offering pursuant to the Listed Issuer Financing Exemption will not be subject to a hold period pursuant to applicable Canadian securities laws.

The Agent will receive a cash commission of 6% of the gross proceeds of the Offering and broker warrants in an amount equal to 6% of the number of common shares sold pursuant to the Offering. Each broker warrant will be exercisable to purchase one common share at the exercise price of CAD 0.05 for a period of forty eight months from the closing date of the Offering.