$SHRC.CN

3 stories mentioning SHRC.CN

Every FINWIRES story that references SHRC.CN, newest first.

Sharc International Closes Final Tranche of $2.5-Million Convertible Debenture Placement

Sharc International Systems (SHRC.CN) on Friday closed the final tranche of a non-brokered private placement of unsecured convertible debentures, including the 25% overallotment option, raising a total $2.5 million.The three-year debentures bear an 8.0% annual interest rate, paid on maturity.The debentures, including any accrued and unpaid interest, will be convertible into shares priced at $0.125 apiece at the option of the holder.Proceeds will be used for working capital and general corporate needs as it continues to fulfil the production, shipment and delivery of its Sales Order Backlog, it said.Shares of the company were last seen up $0.01 to $0.16 on the Canadian Securities Exchange.Price: $0.16, Change: $+0.01, Percent Change: +6.90%

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Mining & Metals24d ago

Sharc Closes Third-tranche of a Non-brokered Private Placement of Unsecured Convertible Debentures

Sharc International Systems (SHRC.CN) after trade Friday said it has completed the third tranche of its non-brokered private placement financing of unsecured convertible debentures, raising an additional $1.5 million through unsecured convertible debentures.This brings the company's total proceeds raised so far to about $2.1 million, Sharc said, adding that, to support the offering, it exercised part of its 25% overallotment option, which added another $500,000 to the offering size. The remaining $429,000 available under this option will stay open until June 1.Sharc said proceeds from the financing will be used for working capital and general corporate purposes, including supporting the production, shipment, and delivery of its existing sales order backlog.All securities issued under the offering are subject to a statutory hold period of four months and one day from the date they were issued, according to the statement.Shares in Sharc edged down from near 52 week highs today.

$SHRC.CN

Treasury47d ago

Sharc International Systems Raises $300,000 After Closing Second Tranche of Debenture

Sharc International Systems (SHRC.CN) closed the second-tranche of its non-brokered private placement of unsecured convertible debentures, raising $300,000 and bringing total proceeds to date to $600,000, it said overnight Tuesday.The three-year debentures bear an 8% interest rate, calculated annually paid on maturity. The debentures, including any accrued and unpaid interest, will also be convertible into shares priced at $0.125 apiece .Proceeds will be used for working capital and general corporate needs.Shares of the company were last seen unchanged at $0.09 on the Canadian Securities Exchange.

$SHRC.CN