CANADA CARBON INC. ANNOUNCES SHARES FOR DEBT TRANSACTION

Toronto, ON, Canada, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company") (TSX-V: CCB) (OTC: BRUZF) (Frankfurt: U7N1) announces that it has entered into a debt settlement agreement with former Chief Financial Officer and Chief Executive Officer, Olga Nikitovic, to settle an aggregate of $145,417 of accrued management fees in consideration for the issuance of an aggregate of 4,406,575 common shares in the capital of the Company (the “Common Shares”) at a deemed price of $0.033 per share (the “Debt Settlement”). Ms. Nikitovic’s tenure with the Company concluded in December 2021.

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