CHAR Technologies Announces C$1M Private Placement

Executive Summary

• CHAR Technologies Ltd. announced a non‑brokered private placement of up to 5,000,000 units at CDN $0.20 per unit, targeting gross proceeds of up to CDN $1,000,000.
• Each unit consists of one common share and one warrant allowing the purchase of an additional share at CDN $0.30 for 24 months after closing.
• Proceeds will be used for general working capital, project‑pipeline development, and capital advisory/investor‑relations services; closing expected around the week of December 16, 2025 pending TSXV approval.

Key Details

• Offering Size: Up to 5,000,000 units (each = 1 common share + 1 warrant).
• Price per Unit: CDN $0.20 → maximum gross proceeds of CDN $1,000,000.
• Warrant Terms: One‑share purchase warrant per unit; exercisable at CDN $0.30 per share for a period of 24 months after closing.
• Placement Type: Non‑brokered private placement offered to purchasers outside Canada under OSC Rule 72‑503 exemption.
• Regulatory Status: Not a Related Party Transaction under MI 61‑101; subject to final acceptance by the TSX Venture Exchange (TSXV).
• Use of Proceeds:
• General working capital.
• Ongoing project development to advance the company’s pipeline of sustainable energy projects.
• Capital advisory and investor‑relations services.
• Closing Timeline: Expected by or around the end of the week of December 16, 2025, subject to required approvals (including TSXV).
• Finder’s Fees: Company may pay finder’s fees in compliance with TSXV policies and applicable securities legislation.

Notable Quotes

• “The proceeds from this offering will strengthen our balance sheet and accelerate the development of our high‑temperature pyrolysis technology, positioning CHAR Tech to capture growing demand for renewable natural gas and green hydrogen,” – Andrew White, Chief Executive Officer.