US EditionSHARC Energy Enters Into Short Term Loan Agreement
- SHARC Energy, trading under OTCQB: INTWF, entered a short-term loan agreement on May 17, 2025, in Canada for working capital needs.
- SHARC Energy has secured a short-term working capital loan of $400,000 to fund the completion of upcoming SHARC and PIRANHA projects planned within the next three months; this financing is set to mature on July 31, 2025.
- SHARC Energy secured the loan by pledging all current and future assets and issued 800,000 stock options at $0.10 each as partial consideration.
- The loan bears an 8% annual interest rate, and the options remain exercisable for three years from issuance, reflecting a standard secured working capital arrangement.
- This financing aims to support near-term project execution, though forward-looking statements note that actual results may vary due to known risks and uncertainties.
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Waterloo Chronicle+8 Reposted by 8 other sources
SHARC Energy Enters Into Short Term Loan Agreement
VANCOUVER, British Columbia, May 16, 2025 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) is pleased to announce that the Company has entered into a short-term working capital loan agreement…
·Waterloo, Canada
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