Carbon Streaming Announces Closing of Acquisition of Blue Dot

TORONTO, July 3, 2024 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (the “Carbon streaming” or “Business”) announced today that it has completed its previously announced acquisition of Blue Dot Carbon Corp. (“Blue dot”), a private company that holds an equity interest in a carbon project company and certain option rights to invest in future carbon removal (afforestation) projects undertaken by its partners.

Pursuant to the share purchase agreement dated May 31, 2024, the number of common shares to be issued as consideration to Blue Dot shareholders was determined 30 days after the announcement of the acquisition using the 30-day VWAP to calculate the number of shares, with a maximum consideration price of CAD$0.75 per share. Upon closing, the Company issued an aggregate of 4,559,333 common shares of the Company to Blue Dot shareholders at a deemed consideration price of CAD$0.75 per share, representing a total purchase price of $2.5 million.

ABOUT Coal Streaming

Carbon streaming aims to accelerate a net-zero future. We pioneered the use of streaming transactions, a proven and flexible financing model, to scale high-integrity carbon credit projects to promote global climate action and the United Nations Sustainable Development Goals. This approach aligns our strategic interests with those of project partners to create long-term relationships based on a shared commitment to sustainability and accountability, and positions us as a trusted source for buyers seeking high-quality carbon credits.

The company focuses on projects that have a positive impact on the environment, local communities and biodiversity, in addition to their potential to reduce or remove carbon dioxide. The company has carbon credit and royalty streams associated with more than 20 projects worldwide, including high-integrity removal and avoidance projects from nature-based, agricultural, engineering and community-based methodologies.

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ON BEHALF WITH THIS BUSINESS:

Christian Milau, Interim CEO
Phone: 647.846.7765
[email protected]
www.carbonstreaming.com

Investor Relations
[email protected]

Media
[email protected]

Warning regarding forward-looking information

This press release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”).forecasting information”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address actions, events or developments that the Company believes will or may occur in the future are forward-looking information, including, without limitation, statements regarding the business of Blue Dot.

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In this press release, words such as “estimates,” “expects,” “plans,” “anticipates,” “will,” “believes,” “intends,” “should,” “could,” “may” and other similar terms are intended to identify such forward-looking statements. This forward-looking information is based on the Company’s current expectations or beliefs based on information currently available to the Company. Future information is subject to a number of risks and uncertainties that could cause the Company’s actual results to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences or effects on the Company. They should not be considered guarantees of future results or performance and are not necessarily accurate indications of whether such results or events will be achieved. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, general economic, market and business conditions and global financial conditions, including fluctuations in interest rates, currency exchange rates and stock market volatility; volatility in carbon credit prices and demand for carbon credits; changing societal or political views on climate change, carbon credits and ESG initiatives and subsequent changes in corporate or governmental policies or regulations and related changes in demand for carbon credits; limited operating history of the Company’s current strategy; risks arising from competition and future acquisition activities; concentration risk; inaccurate estimates of growth strategy; dependence on key management personnel; the impact of corporate restructurings; reputational risk; failure or delays in registering, validating and ultimately developing projects and verifying emission reductions or removals and issuing carbon credits (and other risks related to carbon credit standards and registries); foreign operations and political risks, including actions by governmental authorities, including changes in governmental regulations, taxation and carbon pricing initiatives; uncertainties and ongoing market developments regarding the validation and verification requirements of voluntary markets and/or compliance; due diligence risks, including the inaccuracy of third party reviews, reports and forecasts; dependency on project partners, operators and owners, including the failure of such counterparties to make payments or to meet their operational or other obligations to the Company in accordance with the terms of the contractual arrangements between the Company and such counterparties; the failure of projects to generate carbon credits or natural disasters, such as flood or fire, that could have a material adverse effect on the ability of any project to generate carbon credits; volatility in the market price of the Company’s common shares or warrants; the effect that the issuance of additional securities by the Company could have on the market price of the Company’s common shares or warrants; global health crises, such as pandemics and epidemics; and other risks disclosed under the section entitled “Risk Factors” and elsewhere in the Company’s Annual Information Form dated March 27, 2024 filed on SEDAR+ at www.sedarplus.ca.

Any forward-looking information speaks only as of the date of this press release. Although the Company believes that the assumptions contained in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and, therefore, undue reliance should not be placed on such statements because of the inherent uncertainties contained therein. Except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.