ERA Carbon Offsets Ltd. (TSX-V: ESR) has closed its previously announced private placement. The private placement consists of 7,360,000 common shares for C$0.75 per share resulting in gross proceeds of C$5,520,000. The sole subscriber to the placement was Forest Carbon Group AG (FCG), an affiliate of HEAG Sudhessische Energie AG. FCG now owns 7,360,000 shares which constitute 29.9% of the issued capital of the company.

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Tags: canada carbon, Carbon Offsets, Forest Carbon