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CHAR Technologies Announces Closing of Book on Fully Subscribed 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 Closing of Book on Fully Subscribed 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. 12, 2025 (GLOBE NEWSWIRE) --\n \n CHAR Technologies Ltd.\n \n (“\n \n CHAR Tech\n \n ” or the “\n \n Company\n \n ”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce that the Company has closed the order book on its previously announced non-brokered private placement (the “\n \n Offering\n \n ”) of 5,000,000 units (each, a “\n \n Unit\n \n ”) at a price of $0. 20 CAD per Unit for aggregate gross proceeds of$1 million CAD.\n \n\n The Offering has been fully subscribed with institutional investor representation. The closing is expected to occur by or around the end of the week of December 16\n \n th\n \n , or a later date that may be determined by the Company. The Offering is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the acceptance of the TSX Venture Exchange (“\n \n TSXV\n \n ”).\n \n\n Each Unit consists of one common share of the Company (each, a “\n \n Common Share\n \n ”) and one non-transferable Common Share purchase warrant (each, a “\n \n Warrant\n \n ”). Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $0.30 CAD for a period of 24 months from the closing date of the Offering. The Company may compensate certain eligible finders under the Offering and may pay a cash commission of up to 6% of the gross proceeds of the Offering, subject to compliance with the policies of the TSXV and applicable securities legislation.\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 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 (“\n \n OSC Rule 72-503\n \n ”),...