CHAR Technologies Expands Private Placement to C$3.97 Million

CHAR Technologies Ltd. has announced an increase in its non-brokered private placement from C$2 million to C$3.97 million. The decision responds to strong investor demand. The offering now includes 16,882,978 units priced at $0.235 CAD each, raising approximately C$3.97 million in total.

The placement is fully subscribed, with participation from institutional investors, existing long-term shareholders, and strategic investor BMI Group. Each unit contains one common share and a half warrant, exercisable at $0.35 CAD for 24 months post-closing. The closing is anticipated by mid-March 2026, pending necessary approvals.

Proceeds will support general working capital, project development, and investor relations. The offering complies with Canadian provincial exemptions and does not classify as a Related Party Transaction. It is not offered in the U.S.