Cleantech Capital investors to vote on CHAR Technologies merger
Investors in Cleantech Capital Inc (TSX-V: YES.P) will vote on its proposed merger with CHAR Technologies Inc, a Mississauga, Ontario-based renewable energy platform, on January 11th. If approved, the previously announced deal will make CHAR eligible for a commitment from Sustainable Development Technology Canada and give it $950,000 in investment. It will also result in a private placement offering of $2.5 million. Andrew White, president and CEO of CHAR, said the funding will bring the company into full commercial production, "allowing us to rapidly penetrate the growing $2 billion renewable natural gas desulfurization market.”
6 January 2016•2 mins read
