- CHAR Technologies (YES) has exercised 4,430,461 share purchase warrants for gross proceeds of $1,703,561
- The warrants consisted of 3,515,494 warrants exercised at $0.40 per common share and 914,967 broker warrants exercised at $0.325 per common share
- Also, the board of directors of CHAR has approved the grant of 1,980,331 stock options to employees, consultants, directors and officers of CHAR
- CHAR Technologies Ltd. is a cleantech development and services company
- Char Technologies Ltd. was unchanged at $0.415 at 10:08 AM ET
CHAR Technologies (YES) has exercised 4,430,461 share purchase warrants for gross proceeds of $1,703,561.
The warrants consisted of 3,515,494 warrants exercised at $0.40 per common share and 914,967 broker warrants exercised at $0.325 per common share.
All the warrants were issued in CHAR’s offering of units completed in February 2021.
Also, the board of directors of CHAR has approved the grant of 1,980,331 stock options to employees, consultants, directors and officers of CHAR. The grants are exercisable into common shares of CHAR at a price of $0.4125 per common share.
The options expire on February 6, 2028, and vest immediately (except with respect to certain officers and a consultant, whose options vest with time and performance milestones over the next twelve months).
Furthermore, the board of directors of CHAR has approved the grant of 613,932 restricted stock units (RSUs) to employees, consultants and officers of CHAR. The RSUs vest after one year from the date of issue.
CHAR Technologies Ltd is a cleantech development and services company specializing in high-temperature pyrolysis, converting woody materials and organic waste into renewable gases, biocarbon development activated charcoal ‘SulfaCHAR’ and solid biofuel ‘CleanFyre.’
Char Technologies Ltd. was unchanged at $0.415 at 10:08 AM ET.