Carbonxt Group Ltd (ASX: CG1) has secured additional funding through a combination of Convertible Notes and a placement of fully paid ordinary shares. The Company will issue up to 400,000 Convertible Notes with a face value of $1.00 each, convertible into 5,000,000 fully paid ordinary shares. The Placement of up to 8,000,000 shares at $0.075 per share has raised $600,000. These funds will be used for working capital and an additional investment in New Carbon Processing, LLC. Shareholder approval is needed for the issuance of options attached to the Convertible Notes. If approval is not obtained, the interest rate will increase to 20% and the term will extend to five years. A detailed update on construction progress at the Kentucky facility will be released today. All securities issued under this announcement will rank equally with existing fully paid ordinary shares on issue. Investors are welcome to contact our Managing Director, Warren Murphy, or Investor Relations for more information or questions. Thank you for your continued support.