Carbon Done Right: Fueling Growth with $423,750 Private Placement

Carbon Done Right Developments Inc. (TSXV: KLX) (FSE: Q1C) has recently announced the successful closing of a $423,750 non-brokered private placement, marking a significant milestone in the company's growth journey. This strategic move will enable Carbon Done Right to further its mission of developing validated and verified carbon credits from afforestation and reforestation projects, ultimately contributing to the fight against climate change.



The company plans to allocate the funds raised from the private placement towards two key areas:

1. Continued investment into operations for the Company’s flagship forest carbon restoration project in Sierra Leone: Carbon Done Right is committed to investing in its flagship project in Sierra Leone, aiming to enhance the sequestration of greenhouse gases and restore degraded land areas. By doing so, the company is not only generating high-quality carbon credits but also contributing to the preservation of the environment and the local ecosystem.
2. Meeting investment requirements associated with the final milestone payment under the previously announced pre-purchase agreement: Carbon Done Right has secured a pre-purchase agreement for its carbon credits, demonstrating the growing demand for nature-based carbon assets. By utilizing the funds raised from the private placement to meet the investment requirements for the final milestone payment, the company ensures the completion of the project and the delivery of carbon credits to its buyers, further solidifying its position as a trusted partner in the voluntary carbon market.



The involvement of related parties in the private placement, totaling 17,000,000 units, has raised concerns about governance and minority shareholder interests. However, Carbon Done Right has addressed these concerns by relying on exemptions from formal valuation and minority shareholder approval requirements, ensuring compliance with applicable regulations, and maintaining transparency through disclosure. By doing so, the company has balanced the interests of related parties with those of minority shareholders, while also adhering to the highest standards of corporate governance.

In conclusion, Carbon Done Right's $423,750 non-brokered private placement is a testament to the company's commitment to environmental stewardship and its robust pipeline of carbon credit projects. By allocating the funds raised towards its flagship project in Sierra Leone and meeting the investment requirements for the final milestone payment, Carbon Done Right is well-positioned to continue its growth trajectory and contribute to the fight against climate change. The company's dedication to transparency and compliance with applicable regulations ensures that the interests of all shareholders are protected, making Carbon Done Right a reliable and responsible partner in the voluntary carbon market.