Core Points - SHARC International Systems Inc. has successfully closed a non-brokered private placement of unsecured convertible debentures totaling $1,570,000, which is expected to provide improved outcomes for the company and its shareholders [1][2]. Group 1: Offering Details - The debentures will bear an interest rate of 8.0% per annum, maturing three years from the issuance date [2]. - The debentures are unsecured and will rank equally with all current and future unsecured debts of the company [2]. - Holders of the debentures can convert them into common shares at a price of $0.125 per share [2]. - A 10% blocker provision is in place, restricting conversion if it results in the holder owning 10% or more of the outstanding common shares [3]. Group 2: Compensation and Use of Proceeds - The company paid a cash fee of $125,600 and issued 1,004,800 compensation warrants to a finder in connection with the offering, allowing the purchase of common shares at $0.125 for three years [4]. - The net proceeds from the offering will be used for working capital and general corporate purposes, including the production and delivery of SHARC and PIRANHA WET systems [5]. Group 3: Company Overview - 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 [7]. - The company is publicly traded in Canada, the United States, and Germany [8].

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]