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An announcement from Earl Resources Limited ( (TSE:KLX) ) is now available.
Carbon Done Right Developments Inc. has completed a shares-for-debt settlement, converting $172,487.50 of debt into 11,499,166 common shares to preserve cash for working capital. This strategic move is aimed at maintaining liquidity while continuing its environmental projects, potentially strengthening its position in the carbon credit market and offering reassurance to stakeholders about its financial management.
More about Earl Resources Limited
Carbon Done Right Developments Inc. is a leading provider of high-quality carbon credits, focusing on afforestation and reforestation projects. The company invests in the exploration, restoration, and management of terrestrial and marine systems to enhance greenhouse gas sequestration or restore ecosystems. With a robust pipeline of carbon credit projects, it serves the growing demand from companies aiming to meet Net Zero goals, operating in various jurisdictions worldwide.
Average Trading Volume: 267,842
Technical Sentiment Signal: Sell
Current Market Cap: C$1.61M
Find detailed analytics on KLX stock on TipRanks’ Stock Analysis page.