CHAR Technologies Announces Closing of Book on Fully Subscribed Private Placement

Core Viewpoint - CHAR Technologies Ltd. has successfully closed the order book for a non-brokered private placement, raising a total of $1 million CAD through the issuance of 5,000,000 units at a price of $0.20 CAD per unit [1][2]. Group 1: Offering Details - The Offering has been fully subscribed with participation from institutional investors, and the closing is anticipated by the end of the week of December 16, 2025, subject to necessary approvals [2]. - Each unit consists of one common share and one non-transferable common share purchase warrant, with each warrant exercisable at $0.30 CAD for a period of 24 months from the closing date [3]. - The Company may pay a cash commission of up to 6% of the gross proceeds to certain eligible finders, in compliance with TSXV policies [3]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated for general working capital, ongoing project development, and capital advisory and investor relations services [4]. Group 3: Company Overview - CHAR Technologies Ltd. specializes in high temperature pyrolysis (HTP) technology, converting unmerchantable wood and organic waste into renewable energy sources, including renewable natural gas and green hydrogen, along with a solid biocarbon product [7]. - The HTP technology aligns with global green energy initiatives by diverting waste from landfills and generating sustainable energy to decarbonize heavy industry [8].