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Global Carbon Credit Corp. Announces Additional Closing Of Private Placement

December 31, 2021

Global Carbon Credit Corp. (the “Company”) is pleased to announce, as a follow-up to its news release dated December 22, 2021, that it has closed a second tranche of its non-brokered private placement to raise $1,249,700 through the issuance of 2,499,400 units (the “Units”) at a price of $0.50 per Unit. Each Unit is comprised of one common share (a “Share”) and one-half of a Share purchase warrant (a “Warrant”), of which each whole Warrant entitles the holder to acquire one Share exercisable at $1.00 for a period of 24 months from the date of issuance of the Units.

The Shares, and any Shares to be issued on exercise of the Warrants, are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance of the Units.

To date, the Company has raised a total of $39,616,051 by way of its non-brokered private placements. The net proceeds of the private placements will be used to finance the Company’s entry into the carbon credits and carbon offsets industry.


Scott Davis