CHAR Technologies Completes Private Placement and Begins New Marketing Initiatives

CHAR Technologies Ltd. (TSXV:YES), based in Toronto, has concluded its previously declared non-brokered private placement. Initially announced on February 23, 2026, and increased on March 6, the offering saw further demand, reaching a final intake of C$4,008,062.48. The issuance included 17,055,585 units at C$0.235 per unit. Each unit comprises one common share and a half-purchase warrant, exercisable at C$0.35 within 24 months.

Despite cash finder's fees of C$186,078.87 paid to independent agents, no additional warrants were issued. The offering awaits TSX Venture Exchange approval and concerns units distributed under Canada and Ontario exemptions, thereby free of specific resale restrictions. Proceeds will support CHAR's project pipeline and investor services.

Furthermore, CHAR has engaged Outside the Box Capital Inc. for six months to enhance investor engagement via multiple social media platforms, costing C$150,000. This initiative aligns with CHAR's strategic progression and market visibility efforts.