VANCOUVER, British Columbia, Aug. 18, 2025 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the "Company") is pleased to announce that, further to its news release dated August 1, 2025, the Company has closed a non-brokered private placement of unsecured convertible debentures of the Company (each, a "Debenture") for a principal amount of $1,570,000 (the "Offering"). While the terms of the closed Offering vary from those announced on August 1st, ...

Group 1 - Energy Recovery, Inc. (NASDAQ: ERII) reported positive Q2 '25 results across its three business segments, indicating strong operational performance [1] - The company signed contracts in the desalination sector, marking a significant development in its business activities [1] - ERII has resumed exports to China in the wastewater segment, reflecting a recovery in international operations [1] - The company has reached 50 locations for summer testing, showcasing its commitment to operational expansion and testing capabilities [1]

Group 1 - SHARC International Systems Inc. plans to complete a non-brokered private placement of secured convertible debentures with a principal amount of up to $1,500,000 [1][2] - The debentures will bear an interest rate of 8.0% per annum and will mature 24 months from the issuance date, with an option for holders to extend the maturity by 12 months [2] - The proceeds from the offering will be used for working capital purposes, specifically for the shipment and delivery of SHARC and PIRANHA WET systems [3] Group 2 - The company may pay a finder's fee to eligible arm's length finders in accordance with applicable securities laws [4] - All securities issued will be subject to a statutory hold period of four months and one day following issuance [4] - The current offering replaces a previously announced offering that was cancelled [6] Group 3 - SHARC Energy is a leader in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production [7] - The company is publicly traded in Canada, the United States, and Germany [8]