CHAR Technologies Ltd. Announces Filing of Third Quarter Financial Results and Grant of Stock Options

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

CHAR Technologies Ltd. Announces Filing of Third Quarter Financial Results and Grant of Stock Options

TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

CHAR Technologies Ltd. (formerly Cleantech Capital Inc.) (the 'Corporation') (TSX VENTURE:YES) is pleased to announce that it has filed its condensed interim consolidated financial statements and Management's Discussion and Analysis for the three and nine-month periods ended June 30, 2016. Full details can be accessed at the Corporation's SEDAR page at www.SEDAR.com.

The Corporation also announces that the Board of Directors has today approved the grant of 660,000 stock options to directors, officers and a consultant of the Corporation, which options are exercisable into common shares of the Corporation at a price of $0.1725 per share, which is reflective of the LOI signed on September 11th, 2015 (available on SEDAR) and pursuant to TSX Policy 4.4, subject to the rules of the TSX Venture Exchange and the Corporation's Stock Option Plan. The options have a term of five years and will expire on August 25, 2021. Of the options granted, 400,000 remain unvested, and will be released in 100,000 increments every six months, beginning March 31, 2017.

About CHAR

The Corporation is in the business of producing a proprietary activated charcoal like material (SulfaCHAR), which can be used to removed hydrogen sulfide from various gas streams (focusing on methane-rich and odorous air). The SulfaCHAR, once used for the gas cleaning application, has further use as a sulfur-enriched biochar for agricultural purposes (saleable soil amendment product).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CHAR Technologies Ltd.
Andrew White
Chief Executive Officer
647-968-5347
[email protected]

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).