Vancouver, BC, Canada --August 28, 2012 -- Carbon Friendly
Solutions Inc. (CNSX: CFQ) ("CFS" or the
"Company") announces that it has extended the
expiry date of 2,072,500 outstanding common share purchase
warrants issued as part of a private placement on August 29,
2008 (the "Warrants"). Presently scheduled to
expire on August 29, 2012, the expiry date has been extended
to August 29, 2013, being the maximum five year term from the
date of issuance. The exercise price for the Warrants is
unchanged at $0.75 per common share. The Warrants were issued
as part of a private placement of 4,145,000 Units at a price
of $0.50 per unit, with each unit consisting of one common
share and one-half share purchase warrant. No Warrants have
been exercised to date.
About Carbon Friendly Solutions
Carbon Friendly Solutions Inc., through its subsidiaries
MicroCoal Inc. ("MCI") (Denver, CO, USA), Global
CO2 Reduction Inc. (Vancouver, BC) and Carbiopel S.A.
(Lezajsk, Poland); is focused on the development of clean
energy technology, renewable energy and forestry projects.
On behalf of the Board of Directors
Carbon Friendly Solutions Inc.
"Slawek Smulewicz"
CEO and Director
For Information:
Phone: 604 676 9792
Email: info@carbonfriendly.com
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Forward Looking Statements
This news release contains "forward-looking
information" within the meaning of the Canadian
securities laws. Forward looking information is generally
identifiable by use of the words "believes,"
"may," "plans," "will,"
"anticipates," "intends,"
"budgets", "could",
"estimates", "expects",
"forecasts", "projects"
"approximately", "proposed" and similar
expressions, and the negative of such expressions.
Forward-looking information in this news release includes
statements about Carbon Friendly's prospective business
relationship, the development of Carbon Offsets through
forestry projects, MicroCoal's technology,
Carbiopel's projections and business model, technology
development and future roll-out plans.
In connection with the forward-looking information contained
in this news release, Carbon Friendly has made numerous
assumptions, regarding, among other things, our
MicroCoal's patented technology and future sales. While
Carbon Friendly considers these assumptions to be reasonable,
these assumptions are inherently subject to significant
uncertainties and contingencies.
Additionally, there are known and unknown risk factors, which
could cause MicroCoal's actual results, performance or
achievements to be materially different from any future
results, performance or achievements expressed or implied by
the forward-looking information contained herein. Known risk
factors include, among others: the size and the growth of the
market for the MicroCoal technology is uncertain; future
sales of MicroCoal technology may not materialize; the
technology may not work on a specific type of coal and its
economic or environmental benefits may not be realized in
full, the substantial investment of capital that may be
required for a Build Own Operate Model; limitations imposed
by our financing abilities; difficulties entering
international markets, and sovereign risk.
A more complete discussion of the risks and uncertainties is
disclosed in Carbon Friendly's continuous disclosure
filings with Canadian securities regulatory authorities at
www.sedar.com. All forward-looking information herein is
qualified in its entirety by this cautionary statement, and
Carbon Friendly disclaims any obligation to revise or update
any such forward-looking information or to publicly announce
the result of any revisions to any of the forward-looking
information contained herein to reflect future results,
events or developments, except as required by law. Neither
CNSX nor its Regulation Services Provider (as that term is
defined in the policies of the CNSX) accepts responsibility
for the adequacy or accuracy of the release.
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