Charbone Hydrogen Corporation, headquartered in Brossard, Quebec, recently announced the closing of Units for debt settlements amounting to $1,342,687 with certain suppliers. Each unit, priced at $0.075, included one common share and one common share purchase warrant, allowing holders to purchase additional shares at $0.10 within 12 months. This initiative, totaling 17,902,489 units, aims to facilitate the company's green hydrogen production and distribution endeavors. Charbone emphasizes the importance of managing its cash resources wisely while advancing towards production for its Sorel-Tracy project. As North America's only publicly traded pure-play green hydrogen company, Charbone focuses on developing an integrated green hydrogen network with strategic distribution capabilities for industrial gases. The company's business model involves leveraging commercial partnerships to supply hydrogen, helium, and other industrial gases, thereby enhancing revenue streams, reducing operational risks, and increasing market flexibility. Charbone's shares are listed on the TSX Venture Exchange (CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). The announcement also mentioned that any securities issued as part of a debt settlement will be subject to a statutory four-month hold period in Canada. Additionally, the press release contained forward-looking statements regarding the company's expectations for future results or events. Charbone emphasized the risks and uncertainties involved in its business, highlighting the importance of considering factors that could impact actual results compared to the forward-looking projections.