On December 20, 2023, Canada Carbon Inc. closed the transaction. The company has issued 3,333,333 units at a price of CAD 0.03 per ordinary unit for aggregate gross proceeds of up to CAD 99,999.99 in its second and final tranche closing. All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 4 placees.