Orletto Capital II Inc. And Charbone Corporation Announce $6,000,000 Concurrent Financing to Proposed Qualifying Transaction

QUEBEC CITY, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Orletto Capital II Inc. (TSXV: OLT.P) (“Orletto”), a capital pool company listed on the TSX Venture Exchange (the “Exchange”) and CHARBONE Corporation (“Charbone”) are pleased to announce that further to the press release dated August 3, 2021, announcing the proposed reverse take over of Orletto by Charbone, Charbone entered into an engagement letter (the “Engagement Letter”) with Desjardins Capital Markets (the “Agent”) to act as sole agent and sole bookrunner on a “best efforts” basis of a concurrent private placement of 15,000,000 subscription receipts (the “Subscription Receipts”) at a price of $0.40 per Subscription Receipt for total proceeds of approximately $6,000,000 (the “Concurrent Financing”). Read More

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