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An announcement from Earl Resources Limited ( (TSE:KLX) ) is now available.
Carbon Done Right Developments Inc. has successfully closed a $120,000 non-brokered private placement by issuing 8,000,000 shares. The proceeds will be used for ongoing investments in the company’s global operations and projects. The transaction involved related parties, subscribing to 4,000,000 units, and was exempt from formal valuation and minority shareholder approval requirements. The private placement is subject to certain closing conditions, including necessary approvals, and the securities issued will be under a hold period as per Canadian securities laws.
More about Earl Resources Limited
Carbon Done Right Developments Inc. is a 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 degraded ecosystems. It operates globally, engaging with governments in regions like Sierra Leone, Yucatan, Guyana, and Suriname.
Average Trading Volume: 266,295
Technical Sentiment Signal: Sell
Current Market Cap: C$1.61M
For a thorough assessment of KLX stock, go to TipRanks’ Stock Analysis page.