Carbon Done Right Announces Private Placement and Debt Settlement Amidst Project Expansion

Earl Resources Limited ( (TSE:KLX) ) just unveiled an announcement.

Carbon Done Right Developments Inc. announced a non-brokered private placement to raise up to $100,000 through common shares, with proceeds aimed at supporting global operations and projects. The company is also settling $165,768 of debt through the issuance of common shares, preserving cash for working capital. A recent mangrove restoration project in Suriname aligns with sustainable development goals, while the flagship project in Sierra Leone seeks new investment partners after an offtaker declined to expand their investment. These initiatives highlight the company’s commitment to advancing its environmental projects and addressing financial obligations.

More about Earl Resources Limited

Carbon Done Right Developments Inc. is a prominent provider of high-quality carbon credits, focusing on afforestation and reforestation projects. The company is dedicated to environmental stewardship, investing in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration or restore ecosystems. It operates globally, engaging in various jurisdictions, including Sierra Leone, Yucatan, Guyana, and Suriname, to meet the growing demand for carbon credits from companies aiming for Net Zero goals.

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Technical Sentiment Signal: Sell

Current Market Cap: C$1.35M

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