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Each Unit will be comprised of one common share (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable at a price of
Building on the strength and recent success around the Company's milestones in the expansion of the pipeline of carbon credits, including the benefit of strong validation from buyers of those carbon credits to support their Net Zero goals, Klimat X plans to utilize offering proceeds for operations expansion in
The Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the
The Company may pay finders' fees under the offering in accordance with applicable securities laws and the policies of the
Members of the Company's management team may participate in the Offering including subscriptions from related parties of the Company as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The participation of management in the Offering is exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(c) and 5.7(1)(a) of MI 61-101.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in
Klimat X develops equitable and validated carbon credits through afforestation and reforestation initiatives in degraded land areas and marine ecosystems, including mangroves. Klimat X generates long term (30+ years) recurring revenue streams and unprecedented returns in carbon markets by taking project development risk on restoration and conservation projects and pre-selling directly to large corporate buyers of carbon credits to meet their Net Zero goals. The projects adhere to Verra protocols, including the CCB standard, which assesses community and biodiversity benefits. The Klimat X leadership team has developed 50 million tonnes from over 6.5 million ha of conservation and has restored 10,000+ ha to date. The company is publicly traded on the
On behalf of the Board of Directors
"James Tansey"
Chief Executive Officer
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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 that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "intends" "expects" and similar expressions which are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Offering and the ongoing business of the Company. Klimat X cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Klimat X including expectations and assumptions concerning the Company and the need for additional capital by the Company through financings, and the risk that such funds may not be raised. The reader is cautioned that 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 as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Klimat X. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. 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 Klimat X does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
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