CHAR Technologies Raises $1 Million in Private Placement

Reuters05:35

CHAR Technologies Raises $1 Million in Private Placement

CHAR Technologies Ltd. has completed a non-brokered private placement, raising approximately $1 million CAD from an institutional investor. The company issued 4,550,000 units at $0.22 per unit, with each unit consisting of one common share and one non-transferable warrant. Each warrant is exercisable to acquire an additional common share at $0.32 for 24 months. Proceeds will be used for general working capital, project development, and investor relations. The offering is subject to final approval by the TSX Venture Exchange and was conducted under exemptions for sales outside Canada, with no resale restrictions on the issued securities. Finder’s fees totaling $60,060 CAD were paid in connection with the placement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CHAR Technologies Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9616193-en) on December 22, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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