CHARBONE HYDROGEN CORPORATION (the “Company” or “CHARBONE”), North America’s rare publicly traded pure-play company specializing in green hydrogen production and distribution, is pleased to announce that it held its Annual General and Extraordinary Meeting of Shareholders on March 28, 2025 and that the Company's shareholders approved all proposed resolutions:
to elect the directors of the Company, namely, Dave B. Gagnon, Denis Crevier, Frédéric Lecoq, François Vitez, André Halley and Jean-Claude Gonneau, who will serve until the next annual meeting of shareholders or until their successors are elected or appointed;
to appoint KPMG LLP as the external auditor of the Company and to authorize the directors of the Company to set its compensation, which has been replaced by Richter LLP, as announced in the Notice of Change of Auditor published on SEDAR+ on April 9, 2025;
to confirm the stock option plan of the Company without changes versus the prior year;
to approve, by the disinterested shareholders, the settlement of remuneration debts totalling $310,000 to management by issuance of 4,133,334 common shares of the Company at a deemed value of $0.075 per share as announced on February 12, 2025 and issued following the approval received by the Exchange; and
to approve the corporate name and change to Charbone Corporation, with a future effective date to be determined.
The Company is also pleased to announce that the Company’s Chief Financial Officer has exercised 900,000 warrants and a Board member has purchased 400,000 shares on the market.
