CHAR Technologies Completes Non-Brokered Private Placement for Gross Proceeds of CDN$3,271,890
11/01/24, 3:06 PM
Location
Money
$3.27 million
Type
partnership
CHAR Technologies Ltd. has successfully closed a non-brokered private placement, raising CDN$3,271,890 in gross proceeds. The company issued 16,359,451 units at a price of CDN$0.20 per unit, with insiders acquiring 729,410 units as part of the offering. The net proceeds will be used for general working capital and supporting the progression of the Thorold project.