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CHAR Technologies (TSXV:YES) has Announced a non-brokered Private Placement

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The company is looking to raise gross proceeds of up to $500,000 from the placement of up to 5 million shares priced at $0.10 per share.

Additional Information:

Company: CHAR Technologies
Website: http://www.CHARtechnologies.com
Stock Symbol: TSXV: YES
Date Published: Oct 5, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

CHAR Technologies, a cleantech development and services company, has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $500,000 from the placement of up to 5 million shares priced at $0.10 per share.

The shares are currently trading at $0.11.

The company intends to use the net proceeds for general working capital.

The company specializes in organic waste pyrolysis and biocarbon development, custom equipment for industrial air and water treatment, and providing services in environmental management, site investigation and remediation, engineering, environmental compliance and resource efficiency.

Its CharTech Solutions division provides innovative, custom equipment to help clients reduce their air and water emissions, with a particular focus on food & beverage manufacturers, agricultural businesses, the mining industry, organics and other waste processors.

CHAR is focusing on developing and commercializing its pyrolysis technology which converts challenging organic waste streams into three renewable and valuable outputs – heat, energy and biocarbon.

Its ALTECH Environmental Consulting division provides engineering, energy and audit consulting services, which includes resource efficiency services as well as emissions review and reduction strategies.

The current pandemic has increased the demand for ALTECH’s services.

To ensure safe workplaces, ALTECH provides a complete engineering assessment of ventilation systems including professional sampling of office and plant high-touch surfaces and air for coronaviruses, and testing using certified biolaboratories.

With this information, ALTECH can upgrade your room-air filtration to high efficiency HEPA standards, either through your central ventilation or using high quality standalone filter systems.

CharTech and Altech combine to provide innovative services and solutions to ensure environmental compliance, increase operational efficiency, and reduce operating costs for cannabis facilities.

For more information, please visit the company’s website at www.CHARtechnologies.com, contact Andrew White, CEO, at 647-968-5347 or by email at andrew.white@CHATtechnologies.com.

Investor Relations is handled by James Sbrolla, who can be reached at 416-828-2077 or by email at sbrolla@rogers.com.

I’m Megan Edwards for Investmentpitch Media