Carbon Made Right Announces Closing of Second Round Non-Brokered Private Placement

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VANCOUVER, BC, Jan. 10, 2025 (GLOBE NEWSWIRE) — Carbon Done Right Developments Inc. (“Carbon Done Right” or the “Company”) (TSXV: KLX) (FSE: Q1C), the leading provider of high-quality carbon credits available only for tree planting and reforestation projects developed and managed by the Company, is pleased to announce that it has completed the second phase of its unsold private placement previously announced on December 20, 2024. and amended on January 8, 2025, and issued shares of -10,000,000 at a price of $0.015 per share, for a net profit of $150,000. This brings the number of shares issued in the private placement so far unsold to 17,000,000, with total proceeds to date of $255,000.

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The Company plans to use the proceeds to continue investing in the operation and support of the Company’s outstanding forest carbon recovery project and to meet investment requirements related to the milestone payment under the previously announced advance purchase agreement (April, 2023).

The remainder of the Offering is expected to close in January 2025, subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange. The Company may pay acquirer fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The securities issued under the Offering will be subject to a vesting period under applicable securities laws in Canada that expires four months and one day from the closing date of the Offering.

This news release does not constitute an offer to sell or the solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any other federal securities laws and may not be offered or sold within the United States or to US persons unless registered under of the US Securities Act and applicable state securities laws or exemptions from such registration are available.

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About Carbon Done Right

Carbon Done Right is an owner and operator of environmentally-friendly carbon assets that serve the growing demand for carbon credits for companies seeking to meet their Net Zero goals. The Company achieves this by investing in exploration, restoration and management of land and marine systems that can be protected to improve the sequestration of greenhouse gases or restore a degraded state to a fully productive environment. The Company’s commitment to environmental stewardship and its strong pipeline of carbon credit projects make it a trusted partner to the world’s largest purchasers of carbon credits, in the fight against climate change. Carbon Done Right uses risk capital under various programs (including partnership, quota, and production sharing agreements) and government involvement in various relevant locations around the world including Sierra Leone, Yucatan, Guyana and Suriname.

ON BEHALF OF THE BOARD OF DIRECTORS

“James Tansey”
James Tansey
Chief Executive Officer

For more information please contact:

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Carbon Done Right Developments Inc.
James Tansey, Chief Executive Officer
Email: james.tansey@klimatx.com

http://www.klimatx.com

Cautionary Note Regarding Forward-Looking Statements

Neither the TSXV nor its Legal Services Provider (as that term is defined in TSXV policies) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements and forward-looking information (collectively “forward-looking statements”) within the meaning of applicable securities laws. Any statements contained in this press release that are not statements of historical fact may be considered forward-looking statements. Forward-looking statements are often identified by words such as “may”, “should”, “expect”, “will”, “intend” “expect” and similar expressions intended to identify forward-looking information or statements. In particular and without limitation, this press release contains forward-looking statements and information regarding the Offering and the Company’s ongoing business. Carbon Done Right cautions that all forward-looking statements are uncertain in nature, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Carbon Done Right including expectations and assumptions relating to the Company. and the Company’s need for additional financing, and the risk that such financing may not be collected. The reader is cautioned that the assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted due to a number of known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Carbon Done Right. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although management believes it to be relevant at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Carbon Done Right does not undertake any obligation to publicly review or revise any forward-looking statements included, whether as a result of new information, future events or otherwise, except as required clearly the law of security.

This press release will not constitute an offer to sell or the solicitation of an offer to buy any securities in any location.

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