An announcement from Earl Resources Limited ( (TSE:KLX) ) is now available.
Carbon Done Right Developments Inc. has successfully closed its non-brokered private placement, raising a total of $423,750 through the issuance of 28,250,000 shares. The proceeds will be used to further invest in the company’s flagship forest carbon restoration project in Sierra Leone and fulfill investment requirements for a pre-purchase agreement milestone. This strategic financial move underscores the company’s commitment to expanding its carbon credit projects and strengthening its position in the environmental stewardship sector.
More about Earl Resources Limited
Carbon Done Right is a company that specializes in owning and operating nature-based carbon assets to meet the rising demand for carbon credits. It focuses on the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration or restore ecosystems. The company collaborates with governments in various regions, including Sierra Leone, Yucatan, Guyana, and Suriname, and is recognized as a trusted partner for major carbon credit buyers worldwide.
YTD Price Performance: 50.0%
Average Trading Volume: 376,715
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$1.44M
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