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Reaffirms Priority Plans to Launch Canadian Green Hydrogen Production Facility in 2024; American Production Plant to Follow Later This Year
OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, announcedthat it has received a signed, non-binding offer for the sale of two hydro projects in
The terms of the offer remain confidential but specify that CHARBONE would sell 100% of its equity interests in the two hydro projects to an undisclosed renewable power producer for a combined valuation of
News of this potential asset sale follows CHARBONE’s recent announcement that essential storage infrastructure is being transported to its flagship green hydrogen production plant sitenear
“We are pleased to receive an offer that recognizes the inherent value of these assets,”said
About
CHARBONE is an integrated green hydrogen group focused on delivering a network of modular green hydrogen production facilities across
Forward-Looking Statements
This news release contains statements that are “forward-looking information” as defined under Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
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Contacts | ||||
DaveB.Gagnon | ||||
Chief Executive Officer and Chairperson of the Board | ||||
Telephone: | +1 438 844-7170 | |||
Email: | dg@charbone.com | |||
Chief Operating Officer | ||||
Telephone: | +1 438 800-4946 | |||
Email: | dc@charbone.com | |||
Chief Financial Officer and Corporate Secretary | ||||
Telephone: | +1 438 800-4991 | |||
Email: | bv@charbone.com | |||
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