Sharc International Systems Inc (TSE:SHRC) has released an update.
SHARC International Systems Inc., a leader in wastewater energy transfer, has successfully raised $2 million through a non-brokered private placement of debenture units, expressing gratitude to the offering’s sole subscriber. The raised capital aims to bolster the company’s working capital, facilitating the growth of its sales pipeline and conversion to purchase orders. Each debenture unit consists of an $1,000 principal amount 8.0% unsecured debenture and 5,000 common share purchase warrants, enhancing the company’s financial flexibility for continued innovation in green technology.
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