Canada Carbon Announces Engagement of Alternative Resource Capital
Canada Carbon Inc. (TSX-V:CCB) has engaged Alternative Resource Capital, a trading name of Shard Capital Partners LLP, for corporate-finance advisory and equity research services. The agreement, dated August 15th, 2024, involves an annual fee of £50,000, with 50% paid in common shares and 50% in quarterly cash installments of £6,250. The company will also pay up to 5% commission on investments introduced by the consultant. This engagement aims to enhance Canada Carbon's financial advisory and research capabilities, potentially impacting its market position and investor relations. The agreement and share issuance are subject to TSX Venture Exchange approval, with issued shares having a four-month hold period.
Canada Carbon Inc. (TSX-V:CCB) ha affidato a Alternative Resource Capital, un nome commerciale di Shard Capital Partners LLP, la consulenza per la finanza aziendale e i servizi di ricerca azionaria. L'accordo, datato 15 agosto 2024, prevede una quota annuale di £50.000, di cui il 50% sarà pagato in azioni ordinarie e il 50% in rate trimestrali di £6.250. L'azienda pagherà anche fino a 5% di commissione sugli investimenti presentati dal consulente. Questo incarico mira a migliorare le capacità di consulenza finanziaria e di ricerca di Canada Carbon, potenzialmente influenzando la sua posizione di mercato e le relazioni con gli investitori. L'accordo e l'emissione delle azioni sono soggetti all'approvazione della TSX Venture Exchange, con le azioni emesse che avranno un periodo di blocco di quattro mesi.
Canada Carbon Inc. (TSX-V:CCB) ha contratado a Alternative Resource Capital, un nombre comercial de Shard Capital Partners LLP, para servicios de asesoría en finanzas corporativas e investigación de acciones. El acuerdo, fechado el 15 de agosto de 2024, implica una tarifa anual de £50,000, de la cual el 50% se pagará en acciones comunes y el 50% en cuotas trimestrales de £6,250. La empresa también pagará hasta un 5% de comisión sobre las inversiones presentadas por el consultor. Este compromiso tiene como objetivo mejorar las capacidades de asesoría financiera e investigación de Canada Carbon, lo que podría tener un impacto en su posición en el mercado y en las relaciones con inversores. El acuerdo y la emisión de acciones están sujetos a la aprobación de la TSX Venture Exchange, con las acciones emitidas teniendo un período de retención de cuatro meses.
캐나다 카본 Inc. (TSX-V:CCB)는 알터너티브 리소스 캐피탈을 계약했으며, 이는 샤드 캐피탈 파트너스 LLP의 상호입니다. 이 계약은 2024년 8월 15일자로, 연간 수수료는 £50,000으로, 50%는 보통주로 지급되고 나머지 50%는 분기마다 £6,250의 현금으로 지급됩니다. 회사는 또한 컨설턴트가 유치한 투자에 대해 최대 5%의 수수료를 지급할 것입니다. 이 계약의 목적은 캐나다 카본의 재무 자문 및 연구 능력을 향상시키는 것이며, 이는 잠재적으로 시장 지위와 투자자 관계에 영향을 미칠 수 있습니다. 계약 및 주식 발행은 TSX 벤처 거래소의 승인을 받아야 하며, 발행된 주식은 4개월의 보류 기간이 있습니다.
Canada Carbon Inc. (TSX-V:CCB) a engagé Alternative Resource Capital, un nom commercial de Shard Capital Partners LLP, pour des services de conseil en finance d'entreprise et de recherche sur les actions. L'accord, daté du 15 août 2024, implique un frais annuel de £50.000, dont 50% sera payé en actions ordinaires et 50% en versements trimestriels de £6.250. La société paiera également jusqu'à 5% de commission sur les investissements introduits par le consultant. Cet engagement vise à améliorer les capacités de conseil financier et de recherche de Canada Carbon, ce qui pourrait avoir un impact sur sa position sur le marché et ses relations avec les investisseurs. L'accord et l'émission d'actions sont soumis à l'approbation de la TSX Venture Exchange, les actions émises ayant une période de blocage de quatre mois.
Canada Carbon Inc. (TSX-V:CCB) hat Alternative Resource Capital, einen Handelsnamen von Shard Capital Partners LLP, für beratende Dienstleistungen in Unternehmensfinanzierung und Aktienforschung engagiert. Der Vertrag, datiert auf den 15. August 2024, beinhaltet eine Jahresgebühr von £50.000, von der 50% in Stammaktien und 50% in vierteljährlichen Barzahlungen von £6.250 gezahlt werden. Das Unternehmen wird auch bis zu 5% Provision auf Investitionen zahlen, die von dem Berater eingeführt werden. Diese Beauftragung zielt darauf ab, die finanziellen Beratungs- und Forschungskapazitäten von Canada Carbon zu verbessern, was potenziell seine Marktposition und die Beziehungen zu Investoren beeinflussen könnte. Der Vertrag und die Aktienausgabe unterliegen der Genehmigung der TSX Venture Exchange, wobei die ausgegebenen Aktien eine Sperrfrist von vier Monaten haben.
- Engagement of financial advisory and equity research services, potentially improving market visibility
- 50% of annual fee paid in shares, preserving cash for operations
- Potential for new investment opportunities through consultant's network
- Annual expense of £50,000 for consulting services
- Potential dilution of shareholder value due to share issuance for fee payment
- Up to 5% commission on introduced investments, increasing capital raising costs
Toronto, Ontario, Canada, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company" or "Canada Carbon") (TSX-V:CCB),(FF:U7N1) is pleased to announce that is has engaged Alternative Resource Capital, a trading name of Shard Capital Partners LLP, an arm’s length consultant (the “Consultant”) to corporate-finance advisory and equity research services (the “Services”) to the Company, pursuant to an engagement letter dated August 15th, 2024 (the “Agreement”).
In consideration for the Services to be provided by the Consultant, the Company will pay an annual fee of
The Company has also agreed to pay a cash commission of up to
The Agreement and the issuance of Common Shares in satisfaction of the Annual Fee are subject to the approval of the TSXV. All Common Shares issued in satisfaction of the Annual Fee will be subject to a hold period of four months and a day from the date of issuance in accordance with applicable TSXV policies and Canadian securities laws.
CANADA CARBON INC.
“Ellerton Castor”
Chief Executive Officer and Director
Contact Information
E-mail inquiries: info@canadacarbon.com
P: (905) 407-1212
FORWARD LOOKING INFORMATION
This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking information in this press release includes statements regarding the Agreement and the Services and other matters related thereto. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: compliance with extensive government regulations; financial abilities; the ability to develop the Miller deposit; domestic and foreign laws and regulations adversely affecting the Company’s business and results of operations; and general business, economic, competitive, political, and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FAQ
What services has Canada Carbon (BRUZF) engaged Alternative Resource Capital for?
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