Sharc International Systems Inc (TSE:SHRC) has released an update.
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SHARC International Systems Inc. announces a private placement of 2,000 debenture units, aiming to raise $2 million for its growth and operational needs. Each unit includes a $1,000 principal amount 8.0% unsecured debenture and 5,000 share purchase warrants, supporting the company’s expansion in energy-efficient thermal systems. The offering will fund SHARC Energy’s working capital and general corporate purposes to enhance its sales pipeline and backlog.
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