Charbone closes $1.5 million RiverFort drawdown under $10 million convertible loan facility
PUBT · 3d ago
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- Charbone closed a USD 1.5 million second drawdown under its secured convertible loan facility with RiverFort.
- Facility totals up to USD 10 million; initial USD 3 million drawdown closed April 29, 2026; RiverFort principal outstanding now USD 4.5 million.
- Loan carries 12% annual interest, paid in cash every four months; each drawdown repayable over 18 months.
- Second-drawdown amount is convertible at USD 0.2 per unit, with each unit one share plus 0.3 warrant.
- Warrants are exercisable at USD 0.24 per share for 48 months; drawdown secured by first-ranking hypothec over project subsidiaries’ movable property.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Charbone Corporation published the original content used to generate this news brief via TheNewswire (Ref. ID: 202609080725TNWSWRCACNPR_____1BglFDqPQ) on September 08, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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