From GlobeNewswire: 2025-05-16 20:00:00

SHARC Energy secures a short-term working capital loan agreement for up to $400,000, maturing on July 31, 2025, with an annual interest rate of 8%. The loan is backed by all present and future assets of the company and will be used for working capital as SHARC Energy progresses through project deliveries over the next three months. In exchange for the loan, the company issued 800,000 stock options, allowing holders to acquire common shares at $0.10 each for three years. SHARC Energy specializes in energy transfer through wastewater, offering efficient heating, cooling, and hot water solutions for various buildings and industries.



Read more at GlobeNewswire: SHARC Energy Enters Into Short Term Loan Agreement