- CHAR Technologies (YES) has announced a non-brokered private placement for gross proceeds of up to $3M
- The company will issue up to 6,666,667 units at a price of $0.45 per unit
- The offering is expected to close in late February, 2022
- CHAR is a cleantech development and services company that specializes in high-temperature pyrolysis
- Shares of Char Technologies Ltd. (YES) opened trading at C$0.475
CHAR Technologies (YES) has announced a non-brokered private placement for gross proceeds of up to $3M.
The company will issue up to 6,666,667 units at a price of $0.45 per unit. Each unit will consist of one common share and one-half share purchase warrant. Each whole warrant will entitle the holder to acquire one additional share at $0.60 for eighteen months after the closing of the offering.
Net proceeds will be used for general working capital needs.
The offering is expected to close in late February 2022.
The securities issued will be subject to a four-month statutory hold period.
CHAR is a cleantech development and services company that specializes in high-temperature pyrolysis, converting woody materials and organic waste into renewable gases and biocarbon.
Shares of Char Technologies Ltd. (YES) opened trading at C$0.475.