SHARC Energy Enters Into Short Term Loan Agreement
Summary
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 for up to $400,000 (the Loan).The Loan matures on July 31, 2025, subject to mutual agreement for extension, and bears interest at an annual rate of 8%. Each Option entitles the holder thereof to acquire one common share of the Company at $0.10 per share for three years from the date of issuance.SHARC International Systems Inc. is a world leader in energy transfer with the wastewater we send down the drain every day. SHARC Energys systems exchange thermal energy with wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings along with thermal energy networks, commonly referred to as District Energy.SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.ON BEHALF OF THE BOARDThe Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as anticipate, plan, estimate, expect, may, will, intend, should, and similar expressions. SHARC Energys actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company.