Core Viewpoint - SHARC International Systems Inc. is planning a non-brokered private placement of unsecured convertible debentures with a principal amount of up to $2,000,000, potentially raising total proceeds of $2,500,000 if the over-allotment option is fully exercised [1][2]. Group 1: Offering Details - The offering includes an over-allotment option of up to 25%, equating to an additional $500,000, leading to total gross proceeds of $2,500,000 if fully exercised [2]. - The debentures will have an interest rate of 8.0% per annum, maturing three years from issuance, and will be convertible into common shares at a price of $0.125 per share [3]. - Proceeds from the offering will be used for working capital to fulfill the company's sales order backlog [4]. Group 2: Company Information - SHARC International Systems Inc. specializes in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production for various types of buildings [8]. - The company is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF), and Germany (Frankfurt: IWIA) [9]. Group 3: Management Changes - Lynn Mueller has been appointed as Vice President of Business Development [9]. - Hanspaul Pannu has vacated the title of Chief Operating Officer but will continue as Chief Financial Officer and Corporate Secretary [10].