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CHAR Closes Private Placement of $241,000

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Not for distribution in the United States or through United States wire services.

TORONTO, Dec. 31, 2018 — CHAR Technologies Ltd. (“CHAR”) (YES – TSXV) announces that it has closed its previously announced (dated December 4th, 2018) non-brokered private placement (the “Private Placement”).

CHAR has closed 1,147,619 Flow-Through Shares at a price of $0.21 per share for gross proceeds of $241,000.  The net proceeds from the non-brokered private placement are intended to be used for continued technology development. 

About CHAR

CHAR Technologies Ltd. is a cleantech development and services company, specializing in biocarbon development (activated charcoal ‘SulfaCHAR’ and solid biofuel ‘CleanFyre’) and custom equipment for industrial air and water treatment, and providing services in environmental management, site investigation and remediation, engineering, and resource efficiency.

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