CHAR Technologies Ltd

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CHAR Tech Announces Transition of the Altech Environmental Consulting Team and Assets to Cambium Inc. and Provides Update on North American Equipment Supply Strategy

TORONTO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies ("CHAR Tech" or the "Company"), a leader in sustainable energy solutions, is pleased to announce the transition of the Altech Environmental Consulting team and assets to Cambium Inc., a well-established provider of Environmental Consulting & Geotechnical Engineering services across Ontario. This transition aligns with CHAR's ongoing strategy to focus on its renewable energy initiatives, allowing Altech's team, projects, clients, and intellectual property to continue seamlessly under Cambium's respected brand.

CHAR Technologies Closes Private Placement

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TORONTO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. ("CHAR Technologies" or the "Company") (TSX Venture Exchange: YES) is pleased to announce that it has completed the non-brokered private placement (the "Offering") described in its news releases of October 21, 2024 and October 25, 2024. In connection with the closing of the Offering, the Company issued an aggregate of 16,359,451 units (the "Units") at a price of CDN$0.20 per Unit for gross proceeds of CDN$3,271,890. Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of one non-transferable common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each whole Warrant is exercisable to acquire one Share at an exercise price of CDN$0.30 per Share until October 31, 2026 which is 24 months from the date of issuance.

11:59 AM EDT, 10/25/2024 (MT Newswires) -- CHAR Technologies (YES.V) on Friday said it has increased the size of a non-brokered private placement to $3.34 million from $2.5 million. Char will now issue up to 16.68-million units priced at $0.20 each ...