Toronto, Ontario, Canada, March 19, 2026 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the “Company” or “Canada Carbon”) (TSX-V:CCB) (FF:U7N1) is happy to announce that buying and selling of its frequent shares on the TSX Enterprise Alternate (the “TSXV”) will resume at market shortly. The Firm wish to thank the shareholders for his or her persistence whereas this matter was being resolved.
Share Consolidation
The Firm held an annual and particular assembly of shareholders (the “Meeting”) on Wednesday, January 21, 2026 after failing to carry an annual assembly since January 31, 2024. On the Assembly, shareholders permitted a consolidation (the “Consolidation”) of the frequent shares within the capital of the Firm (the “Common Shares”) on the idea of as much as ten (10) pre-Consolidation Widespread Shares for one (1) post-Consolidation Widespread Share, as and when decided by the board of administrators of the Firm in its sole discretion. The Firm believes that the Consolidation might additionally broaden the pool of buyers that might think about investing in Canada Carbon, thereby leading to a extra environment friendly marketplace for the Widespread Shares.
Presently, the Firm has 242,281,512 Widespread Shares issued and excellent on a pre-Consolidation foundation. Upon completion of the Consolidation, the Firm would have roughly 24,228,151 Widespread Shares issued and excellent, assuming the Consolidation ratio is accomplished on the idea of ten (10) pre-Consolidation Widespread Shares for one (1) post-Consolidation Widespread Share. No fractional Widespread Shares could be issued on account of the Consolidation and no money consideration could be paid in respect of fractional shares.
The Widespread Shares would proceed to commerce on the TSXV beneath the image “CCB” and the Firm’s title would stay the identical. Because of the Consolidation, the train or conversion value and the variety of Widespread Shares issuable beneath any of the Firm’s excellent warrants and inventory choices could be proportionately adjusted to mirror the Consolidation in accordance with the respective phrases thereof. The Consolidation is anticipated to be accomplished by April 30, 2026 or such different time because the Firm determines in its sole discretion.
More Read
Additional data on the Consolidation may be discovered within the Firm’s administration data round dated December 17, 2025 that was filed on SEDAR+ at www.sedarplus.ca.
Omnibus Fairness Incentive Plan
On the Assembly, shareholders additionally permitted the adoption of an omnibus fairness incentive plan (the “Omnibus Plan”) for the aim of attracting, retaining and motivating administrators, officers, workers and consultants of the Firm.
More Read
As amended, the Omnibus Plan offers for the grant of inventory choices representing as much as 10% of the Firm’s issued and excellent Widespread Shares now and again, along with a hard and fast most of 24,228,151 Widespread Shares (on a pre-Consolidation foundation) accessible for issuance pursuant to restricted share items, deferred share items and efficiency share items, representing 10% of the issued and excellent Widespread Shares on the date the Omnibus Plan was permitted by shareholders.
A replica of the Omnibus Plan, as amended, is offered beneath the Firm’s profile on SEDAR+ at www.sedarplus.ca.
Change of Officers
The Firm publicizes that Ellerton Castor, Chief Govt Officer, has resigned in his capability as a director and officer of the Firm, efficient March 31, 2026. As well as, Remantra Sheopaul has resigned as Chief Monetary Officer of the Firm, efficient instantly. The board of administrators has appointed a present director of the Firm, Arran Thorpe, as interim Chief Govt Officer and interim Chief Monetary Officer, to serve in such capacities till appropriate replacements for every place are appointed. The Firm thanks Mr. Castor and Mr. Sheopaul for his or her contributions and repair to the Firm and needs them properly of their future endeavours.
Working Capital and Web Tangible Belongings
As required beneath TSXV Coverage 2.5, the Firm discloses that it had a working capital deficiency of $2,536,783 as reported in its interim monetary statements for the 9 months ended September 30, 2025. The Firm intends to deal with this deficiency by a mixture of price‑discount initiatives, the deferral of sure payables, and anticipated financings, together with potential fairness issuances or different capital‑elevating transactions, as could also be accepted by the TSXV.
More Read
The Firm additionally reviews a web tangible belongings deficiency of $2,561,783 as at September 30, 2025. In accordance with TSXV Coverage 2.5, the Firm plans to treatment this deficiency by the identical measures described above, together with further capital elevating, and thru the development of its company technique supposed to enhance its monetary place and strengthen its steadiness sheet.
The Firm will probably be positioned on a 90-day Discover for Switch from Tier 1 to Tier 2 as a result of these deficiencies.
CANADA CARBON INC.
FORWARD LOOKING INFORMATION
This press launch incorporates statements that represent “forward-looking information” (“forward-looking information”) inside the which means of the relevant Canadian securities laws. All statements, apart from statements of historic truth, are forward-looking data and are primarily based on expectations, estimates and projections as on the date of this press launch. Any assertion that discusses predictions, expectations, beliefs, plans, projections, aims, assumptions, future occasions or efficiency (typically however not at all times utilizing phrases comparable to “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such phrases and phrases or stating that sure actions, occasions or outcomes “may” or “could”, “would”, “might” or “will” be taken to happen or be achieved) usually are not statements of historic truth and could also be forward-looking data. Ahead-looking data on this press launch contains statements relating to, amongst different issues, the timing of the resumption of buying and selling and steps to deal with the Firm’s working capital and web tangible asset deficiencies, the seek for a brand new Chief Govt Officer and Chief Monetary Officer and different issues associated thereto. In disclosing the forward-looking data contained on this press launch, the Firm has made sure assumptions. Though the Firm believes that the expectations mirrored in such forward-looking data are affordable, it may give no assurance that the expectations of any forward-looking data will show to be right. Recognized and unknown dangers, uncertainties, and different components which can trigger the precise outcomes and future occasions to vary materially from these expressed or implied by such forward-looking data. Such components embody however usually are not restricted to: compliance with in depth authorities laws; monetary talents; the flexibility to develop the Miller deposit; home and international legal guidelines and laws adversely affecting the Firm’s enterprise and outcomes of operations; and normal enterprise, financial, aggressive, political, and social uncertainties. Accordingly, readers shouldn’t place undue reliance on the forward-looking data contained on this press launch. Besides as required by legislation, the Firm disclaims any intention and assumes no obligation to replace or revise any forward-looking data to mirror precise outcomes, whether or not on account of new data, future occasions, adjustments in assumptions, adjustments in components affecting such forward-looking data or in any other case.
Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
