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CHAR Technologies Announces C$1M Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ...
About this update from Char Technologies Ltd.
[{"type":"text","content":"CHAR Technologies Announces C$1M Private Placement\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n TORONTO, Dec. 11, 2025 (GLOBE NEWSWIRE) --\n \n CHAR Technologies\n \n Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, today announced its intention to complete a non-brokered private placement (the \"Offering\") of up to 5,000,000 units (“Units”) at a price of CDN$0.20 per Unit for gross proceeds of up to CDN$1,000,000.\n \n\n Each Unit will be comprised of one common share of the Company (each, a “Share”) and one Share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to acquire one Share for twenty-four months after the closing of the Offering at a price of CDN$0.30 per Share.\n \n\n The Units under the Offering are being offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Section 2.3 of Ontario Securities Commission Rule 72-503 –\n \n Distributions Outside Canada\n \n (“OSC Rule 72-503”), and accordingly, the securities issued pursuant to OSC 72-503 will not be subject to resale restrictions. The Offering is not a Related Party Transaction as defined by Multilateral Instrument 61-101 –\n \n Protection of Minority Security Holders in Special Transactions\n \n (“MI 61-101”) and therefore is not subject to TSX Venture Exchange (“TSXV”) Policy 5.9. The Offering is subject to final acceptance of the TSXV.\n \n\n Proceeds of the Offering will be used for general working capital, to support ongoing project development work to continue to progress the Company’s project pipeline, and to support capital advisory and investor relations services.\n \n\n The Company may pay finder’s fees in connection with the Offering, subject to compliance with the policies of the TSXV and applicable securities legislation.\n \n\n The closing of the Offering is expected to occur by or around the end of the week of December 16\n \n th\n \n , and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSXV.\n \n\n\n This news release does not constitute an o...