Carbon Streaming Corporation announced that its Chief Executive Officer, Marin Katusa, has acquired 1,184,000 common shares of the company on the open market. The shares were purchased at a price of $0.62 each, totaling $734,080. Additionally, Katusa exercised 390,000 common share purchase warrants at a price of $0.625 per warrant, amounting to a further $243,750.
Prior to this acquisition, Katusa held or controlled 4,178,500 common shares, representing approximately 8.6% of the issued and outstanding shares. If all warrants he held were exercised before this latest acquisition, his total ownership would have increased to 5,345,500 common shares, or about 10.8% on a partially diluted basis.
Following the recent transactions, Katusa’s stake in the company rose to a total of 5,752,500 common shares, reflecting approximately 11.8% of the total shares outstanding. If he were to exercise all remaining warrants, his ownership could reach 6,532,500 shares, equivalent to 13.2% of shares on a partially diluted basis. The shares were acquired primarily for investment purposes.
Market Position and Future Plans
Katusa’s acquisitions signify a strong personal investment in Carbon Streaming’s strategy, which focuses on projects aimed at generating high-quality carbon credits. The company emphasizes the environmental benefits of its initiatives, aiming to positively impact local communities and biodiversity while addressing carbon reduction and removal challenges.
Depending on market conditions, Katusa may consider acquiring additional securities, exercising more convertible securities, or disposing of existing holdings. This flexibility reflects a strategic approach towards market dynamics and investment opportunities.
This announcement was made in compliance with the Canadian Securities Administrators’ National Instrument 62-103, which governs early warning reporting. A detailed Early Warning Report will be available through the company’s profile on SEDAR+ at www.sedarplus.ca.
For inquiries regarding the Early Warning Report, interested parties can contact Katusa directly at 365-607-6095 or via email at [email protected]. The company’s head office is located at 800 West Pender, Suite 530, Vancouver, British Columbia, Canada V6C 2V6.
Carbon Streaming Corporation continues to position itself at the forefront of the carbon credit market, demonstrating a commitment to sustainability while enhancing shareholder value through strategic investments.
