SHARC Energy Systems C.SHRC

Alternate Symbol(s): INTWF

SHARC International Systems Inc. is engaged in energy recovery from the wastewater the Company send down the drain every day. Its energy's systems recycle thermal energy from wastewater, generating energy and economical systems for heating, cooling & hot water production for commercial, residential, and industrial buildings. Its products include SHARC Series and PIRANHA Series. The SHARC Series taps the potential of wastewater energy to reduce energy and water consumption, carbon emissions and energy costs at large, industrial scales. The SHARC utilizes the power of wastewater for both heating and cooling for the large capacity requirements of multi-family residential, commercial and energy districts. The PIRANHA Wastewater Heat Recovery & Cooling System is a specialized water-to-water heat pump that recovers energy directly from wastewater and uses this source energy to produce hot water. PIRANHA Series is typically used for potable domestic hot water (DHW) purposes.

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SHARC Energy Systems > World's Biggest WET dream

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Comment by Tim2Agamion Dec 22, 2022 11:44pm

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Post# 35188622

RE:RE:World's Biggest WET dream

Mostlyserious wrote: LOL! If they could find a way to recover all the investor capital that went down the drain. $4 for every $1. That would be something.

Market not impressed by the last press release. Almost like the market gets excited by $ figures. Largest system, cities around the world calling every day, things like this for some reason do not seem to resonate.

The wait continues.

.... and fast forward two years from December 21, 2020... Just how have those 10 million 30 cent shares and one million 45 cent warrants been doing for ya? What's that strange growth in the pipeline again? A fatburger you say? Tampon tangle? bamboo blockage? Who ya gonna call?

VANCOUVER, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the “Company” or “SHARC Energy”) is pleased to announce it has completed the sale of 10,001,000 common shares (each, a “ Share ”) on a non-brokered private placement basis at a price of $0.30 per Share for gross proceeds of $3,000,300 (the “ Offering ”).

Insiders of the Company invested $186,000 in the Offering.

The proceeds from the fully subscribed private placement will be used for general working capital purposes in support of its sales and marketing efforts.

In connection with the Offering, the Company paid eligible finders an aggregate cash fee of $150,015 and issued 1,000,100 compensation warrants to eligible finders (the “ Compensation Warrants ”).

Each Compensation Warrant entitles the holder thereof to purchase one Share of the Company at an exercise price of $0.45 for a period of two years following the date of issuance.

https://stockhouse.com/news/press-releases/2020/12/21/sharc-energy-fully-subscribes-3-0m-private-placement