Aankondiging • May 29
Sharc International Systems Inc. announced that it has received CAD 2.5 million in funding On May 29, 2026, Sharc International Systems Inc. closed the transaction by closing its final tranche. The final tranche consists of fully-subscribing the 25% overallotment option for a principal amount of CAD 429,000. This brings total proceeds raised to CAD 2,500,000. In connection with the offering, the Company paid to a certain eligible non-arm’s length finder: (i) a cash fee of CAD 9,120 and (ii) issued to such finder, 72,960 compensation warrants of the Company. Each Compensation Warrant entitles the holder thereof to purchase one (1) Common Share of the Company at an exercise price of CAD 0.125 for a period of three (3) years following the date of issuance. Aankondiging • Feb 18
Sharc International Systems Inc. announced that it expects to receive CAD 2 million in funding Sharc International Systems Inc. announces a non-brokered private placement of unsecured convertible debentures for gross proceeds of CAD 2,000,000 on February 17, 2026. The Debentures will bear interest at a rate of 8% per annum calculated annually and paid on maturity and will mature 3 years from the date of issuance. will be convertible into common shares in the capital of the Company at a price of CAD 0.125 per Common Share at the option of the holder. The Offering will include an up to 25% over-allotment option, exercisable by the Company, which equates to an additional CAD 500,000 (“Greenshoe”). If fully exercised, the total proceeds of the Offering will be gross proceeds of CAD 2,500,000. The Company may pay a finder’s fee in connection with the Offering to eligible arm’s length finders in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. Aankondiging • Jan 14
Sharc International Systems Inc. Appoints Kevin Hydes and Shane Dungey to Board of Directors SHARC International Systems Inc. announced the appointments of Kevin Hydes and Shane Dungey to its Board of Directors. Kevin Hydes is a globally recognized leader in sustainable building design and systems engineering, bringing over two decades of experience advancing high-performance, low-carbon buildings and communities. A LEED Fellow, Mr. Hydes has been at the forefront of some of the world’s most progressive sustainability initiatives, including LEED Platinum and net-zero projects. He is the founder of Integral Group, a globally respected deep-green engineering firm, and has held senior leadership roles at Stantec and Keen Engineering. Mr. Hydes’s influence extends beyond practice into policy and education. He has served as Chair of the Board for both the U.S. Green Building Council and the World Green Building Council, was a Co-Founder and Director of the Canada Green Building Council and has advised governments and institutions globally on sustainable building standards and codes. Shane Dungey brings more than 20 years of experience in global capital markets, spanning institutional asset management, sales and trading, business development, and corporate and capital markets strategy. Having worked across both the buy-side and sell-side, Mr. Dungey offers deep insight into navigating complex financial markets, executing high-value transactions, and advising companies on growth strategy and market positioning. Mr. Dungey has held senior roles at corporates, institutional investment firms, and brokerage houses, where he specialized in strategic initiatives and corporate development. In addition to his professional experience, Mr. Dungey has served on the Board of Directors of several publicly listed companies and currently serves as a Director on the Board of Lupus Canada, a national charity dedicated to improving the lives of those affected by lupus. Aankondiging • Sep 17
Sharc International Systems Inc., Annual General Meeting, Nov 28, 2025 Sharc International Systems Inc., Annual General Meeting, Nov 28, 2025. Aankondiging • Aug 19
Sharc International Systems Inc. announced that it has received CAD 1.57 million in funding On August 18, 2025. Sharc International Systems Inc. announced that it has closed the transaction. It has issued unsecured convertible debentures for gross proceeds of CAD 1,570,000. Aankondiging • Aug 02
Sharc International Systems Inc. announced that it expects to receive CAD 1.5 million in funding Sharc International Systems Inc announced a non-brokered private placement to issue Secured convertible debentures in principal amount of CAD 1,500,000 on August 1, 2025. The debenture will bear an interest rate of 8% per annum and mature on the date that is 24 months from the date of issuance. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. Aankondiging • Jun 21
Sharc International Systems Inc. announced that it expects to receive CAD 1.5 million in funding Sharc International Systems Inc. announced a non-brokered private placement to issue unsecured convertible debenture with a principal amount of CAD 1,500,000 for gross proceeds of CAD 1,500,000 on June 20, 2025. The offering will include an up to 15% over-allotment which equates to an additional 225 units and CAD 225,000. If fully exercised, the total proceeds of the offering will be an aggregate of 1,725 units and gross proceeds of CAD 1,725,000. The debentures will bear interest at a rate of 10% per annum and mature on the date that is 24 months from the date of issuance. The conversion price will be of CAD 0.15 per common share. The company may pay a finder’s fee in connection with the offering to eligible arm’s length finders in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. Aankondiging • May 06
Sharc International Systems Inc. Announces Board Changes Sharc International Systems Inc. announced that Fred Andriano has been named Chairman of the Board of Directors (“BOD”) and Executive Officer. Mr. Andriano replaces SHARC Energy’s founder Lynn Mueller as Executive Chairman. Mr. Mueller will remain on the Board as Vice Chairman and Executive Officer of the Company. Mr. Andriano has extensive experience and expertise in finance, accounting, corporate governance, mergers and acquisitions. He has been in the heating and cooling energy sector for 20 years. He formally was the Vice President of Finance and Administration - NIBE North America for NIBE Industrier AB. Prior to that he was Chief Financial Officer, Treasurer and Secretary for WaterFurnace International Inc. Furthermore, he spent 6 years as Chief Financial Officer of a regional M&A firm. The appointment will strategically accelerate the Company’s growth and improve its ability to expand its markets, products and geographical reach. The Company anticipates future strategic moves enabling SHARC Energy to grow revenue and improve profitability. The Company also has the bittersweet task of announcing the BOD has accepted the retirement and resignation of Eleanor Chiu. Mrs. Chiu has been a director for just shy of six years, consistently adding valued insight, business acumen and astute counsel to both management and the Board. She leaves SHARC Energy as a strong believer and long-term shareholder, holding 5% of the Company. Mr.Andriano will take over Mrs. Chiu role as Chairman of the Audit Committee going forward. Aankondiging • Dec 12
Sharc International Systems Inc. Announces CEO Changes SHARC International Systems Inc. announced the appointment of Michael Albertson as the Company’s new Chief Executive Officer. Lynn Mueller has led SHARC Energy as CEO, President and Chairman of the Board since 2014 and will stay on as Executive Chairman of SHARC Energy’s Board of Directors. Michael Albertson brings a wealth of experience and a forward-thinking approach to his new role as CEO, President and Director. With a proven track record evidenced by his involvement in the $364 million acquisition of WaterFurnace International by NIBE group in 2014, Mr. Albertson has a long history as a renewable thermal energy expert and fostering growth. Michael is poised to lead SHARC Energy into its next chapter as his vision for SHARC Energy aligns perfectly with the Company’s commitment to offering sustainable energy solutions that decarbonize our customers and communities. Mr. Mueller’s tenure as CEO and President has been marked by significant accomplishments, shaping the product portfolio and driving growth for SHARC Energy. Under his leadership, the Company has expanded its footprint, enhanced its technological capabilities, and solidified its position as the leader in the WET energy sector. Lynn’s vision and dedication have been instrumental in not only advancing SHARC Energy but also building a viable industry—Wastewater Energy Transfer. Aankondiging • Nov 08
SHARC International Systems Inc. Announces Board Changes SHARC International Systems Inc. announced the appointment of Fred Andriano to its Board of Directors. With over 40 years of experience in finance, renewable energy, and corporate governance, Mr. Andriano’s extensive background will be invaluable to SHARC Energy as it continues its growth in sustainable and energy-efficient solutions. Mr. Andriano began his career with Uniroyal Plastics Products Group, where he rapidly advanced through key financial roles. His tenure included positions such as Divisional Manager of Budgets and Forecasting, and ultimately, Divisional Controller for a $600 million division. In 1990, Mr. Andriano moved to Dreyer's Grand Ice Cream as Eastern Division Finance Manager, where he further refined his expertise in financial oversight. In 2005, Mr. Andriano joined WaterFurnace International, as Chief Financial Officer. His leadership at WaterFurnace was marked by strategic acquisitions, international joint ventures, and impressive growth, with revenues doubling from $65 million to $130 million culminating in a $364 million acquisition by NIBE Group in 2014. He continued as CFO and eventually rose to Vice President of Financial and Administrative Services for NIBE North America. During this time, Mr. Andriano played a pivotal role in securing major acquisitions, such as Enertech and The Climate Control Group, expanding NIBE's footprint in the renewable energy space. Mr. Andriano’s experience also includes revitalizing finance and accounting departments, implementing strategic planning processes, and driving substantial profit increases. As CFO of Fireplace International, he led sales growth from $68 million to $110 million and significantly boosted pre-tax profits. Fred Andriano’s wealth of experience and strategic vision will support SHARC Energy's mission to deliver innovative solutions that reduce energy consumption and promote environmental stewardship worldwide. Finally, the Company announced Daryle Anderson, member of the board, steps down to make room for Mr. Andriano. Aankondiging • Jun 25
Sharc International Systems Inc. announced that it expects to receive CAD 2 million in funding Sharc International Systems Inc. announced a non-brokered private placement of up to 2,000 debenture units at a price of CAD 1,000 per debenture unit for aggregate gross proceeds of up to CAD 2,000,000 on June 24, 2024. Each debenture unit will be comprised of a CAD 1,000 principal amount of 8% unsecured debenture of the company and 5,000 common share purchase warrants of the company. Each warrant will entitle the holder thereof to acquire one common share in the capital of the company at an exercise price of CAD 0.20 per share for a period of 36 months from the date of issuance. In connection with the Offering, the company may pay finders’ fees in cash or securities, or a combination thereof, to certain finders, as permitted by the policies of the Canadian Securities Exchange. There is no minimum number of debenture units or minimum aggregate proceeds required to close the Offering and the company may, at its discretion, elect to close the Offering in one or more tranches. The securities issued pursuant to the Offering are subject to a statutory hold period of four months plus one day from the issue date of the applicable Debenture Unit in accordance with applicable securities legislation. Closing of the Offering and the issuance of the securities described hereunder are subject to several conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the Exchange. Aankondiging • May 09
Sharc International Systems Inc. Announces PIRANHA Receives Unanimous Approval from Massachusetts Plumbing and Gas Fitting Board for State Expansion Sharc International Systems Inc. announced that it has received unanimous approval from the Massachusetts Board of State Examiners of Plumbers and Gas Fitters for ten PIRANHA pilot sites in the state. This pilot project aims to demonstrate the efficacy of WET across multiple sectors and building types. The Company's application to the Massachusetts Plumber and Gas Fitter Board garnered strong backing from the United Association of Journeymen and Apprentices ("UA") of Massachusetts, an influential union representing approximately 375,000 skilled plumbers, pipe fitters, and other industry professionals across the state. The UA brings the immense promise of WET heat pump systems such as the PIRANHA and Thermal Energy Networks ("TENs") facilitated by SHARC WET systems in creating transitional job opportunities for these 375,000 tradespeople. As North America advances towards decarbonization and diminishes its reliance on fossil fuels, these innovative technologies are poised to play a pivotal role in reshaping the landscape of sustainable energy solutions. SHARC Energy is already collaborating with a real estate investment trust on a PIRANHA retrofit project, leveraging a 50% cost share from Eversource Energy for a PIRANHA feasibility study under the Massachusetts Save Technical Assistance Program. The State of Massachusetts is an early adopter of decarbonization strategies and policy, making it an ideal state to expand SHARC Energy's growing footprint. The 2023 legislative session's Future of Clean Heat bill proposes several provisions to authorize, incentive, and finance the transition from gas to non-combusting renewable thermal energy. The bill would allow gas companies to sell thermal energy, install associated infrastructure, meet the "obligation to serve" with thermal energy, establish a thermal transition fund, disallow post-2050 depreciation of new gas infrastructure, and mandate gas utilities to create transition plans to non-combusting thermal energy. Geo-exchange and WET systems are two technologies that stand to benefit the most from the development of non-combusting TENs. SHARC Energy's WET systems, either standalone or paired with geo-exchange systems, provide for cost-effective, fossil-fuel reducing, resilient, and sustainable solutions in the development of TENs across the state and continent. Moreover, SHARC Energy's systems can qualify for up to 40% in investment tax credits under the Inflation Reduction Act. It is recommended to discuss potential projects with a tax professional to ensure eligibility. The Company believes these tailwinds will facilitate the widespread adoption of WET in the New England region, given the growing awareness of the Company's solutions among New England utilities. HTS New England, a leading HVAC (Heating, Ventilation, and Air Conditioning) representative in the New England market, is SHARC Energy's representative in the region, providing a strong partner to support the market. As a pioneering force in the WET industry, SHARC Energy views these developments in Massachusetts as highly encouraging signs for the future growth and profitability of the Company. The Company remains committed to demonstrating its value to both prospective and existing investors as it capitalizes on the expanding opportunities in the WET sector. Aankondiging • Nov 15
SHARC International Systems Inc. Announces Piranha Wastewater Energy Transfer System Has Successfully Completed Testing in Compliance with CSA/UL Standards 60335-2-40, and NSF 5 SHARC International Systems Inc. announced that the PIRANHA Wastewater Energy Transfer system has successfully completed testing in compliance with CSA/UL Standards 60335-2-40, and NSF 5. The PIRANHA series will now bear the Electrical Testing Laboratories listed mark indicating to distributors and customers that the product is compliant to North American standards and provides a pathway for the PIRANHA series to gain compliance in key North American markets requiring state approval. The award of the ETL listed mark to the PIRANHA series is more than a symbol of compliance; it is a testament to SHARC Energy's commitment to delivering quality and safety in its innovative products. This mark is widely recognized across the United States and Canada, not only by authorities and code officials as evidence of adherence to industry standards, but also by customers and consumers as an assurance of safety and reliability. The attainment of this certification opens doors for SHARC Energy, facilitating market penetration in North America and serving as a valuable credential in expanding to other global markets with stringent product compliance requirements. Furthermore, the ETL listed mark equips SHARC Energy with a trusted mark, enhancing the marketability of the PIRANHA series. This certification is expected to boost customer confidence, leading to increased demand. It also positions SHARC Energy as a leader in the WET industry, reflecting the company's dedication to innovation, safety, and environmental stewardship. With the receipt of this mark, the Company is now eligible to file for approval in other key markets with their own product compliance regulations such as Massachusetts and California. The Company is shifting its focus to receiving these approvals. Aankondiging • Oct 19
Sharc Energy Appoints Dermot Sweeny to Board of Directors, Strengthening its Commitment to Sustainable Design Sharc International Systems Inc. announced the appointment of Dermot Sweeny, President and Founder of Sweeny&Co Architects Inc. (“Sweeny&Co”), to its Board of Directors. Mr. Sweeny’s extensive experience and dedication to sustainable architectural design directly aligns with SHARC Energy’s mission of advancing environmentally responsible energy solutions. Mr. Sweeny has an impressive track record of advocating for sustainable building practices, emphasizing the reduction of carbon footprints, and promoting health and wellness within architectural spaces. His firm, Sweeny&Co, has achieved numerous awards from reputable institutions, like the Canadian Green Building Council and the Urban Land Institute, for their sustainable building designs. This strategic appointment highlights SHARC Energy's ongoing commitment to creating significant value for shareholders by bringing together industry experts who passionately embrace vision of advancing sustainability. Collaborating with industry partners seeking cutting-edge technology to enhance the economics of sustainable development. Mr. Sweeny's extensive expertise and industry knowledge make him a valuable addition to team, propelling the Company towards becoming the premier solution in the sustainable energy sector. His contribution will play a pivotal role in advancing mission and establishing SHARC Energy as the leading choice for sustainable energy solutions, delivering unparalleled ROI within the industry. With a strong background in mixed-use, residential, commercial, and institutional architecture, Mr. Sweeny brings a wealth of knowledge that will be instrumental in guiding the Company’s strategic direction. His understanding of real estate development, sustainability, and development consulting will be invaluable as the Company continues to grow and seeks to enhance shareholder value through sustainable initiatives. Some of Mr. Sweeny’s notable projects include Queen Richmond Centre West, Waterfront Innovation Centre, and One York-Sunlife’s HQ in Toronto, showcasing his ability to blend innovative systems with high-performance, sustainable designs. Many of the Class AAA office buildings designed by Sweeny&Co are LEED Platinum or Gold and have won numerous sustainability awards. These projects reflect a synergy with SHARC Energy's goals of optimizing value while adhering to a responsible environmental ethos. Currently, Sweeny&Co has designed Wastewater Energy Transfer (“WET”) equipment, for the purposes of sustainable heating, cooling and hot water, into as many as ten upcoming projects. Architectural designs represent the earliest opportunity to introduce SHARC Energy equipment to a project and fostering the adoption of SHARC Energy products by Architects is crucial to the Company’s success. Aankondiging • Sep 21
Sharc International Systems Inc. Appointed Peter Busby to the Board of Directors SHARC International Systems Inc. appointed Peter Busby, C.M., FRAIC, LEED Fellow, to its board of directors, as voted by shareholders at the recently held Annual General Meeting on September 12, 2023. Mr. Busby is a principal at Perkins & Will, a global design practice founded in 1935, with over 28 offices and over 2,500 employees. Mr. Busby has been an Architect based in Vancouver for 40 years. He has built approximately 150 buildings across Canada including 3 at Simon Fraser University and 4 at the University of British Columbia, and many other residential and mixed-use commercial projects across Vancouver. He is best known for his development of sustainable design in Canada, founding the Canada Green Building Council in 2002 that brought LEED to Canada. He has won many design awards, including 6 Governor Generals Awards, 11 Lieutenant Governor Awards, and the RAIC Gold medal. He was awarded the Order of Canada in 2015 for creating and pushing the green building movement in Canada. He also has many built buildings outside Canada, including South Korea, Italy, the USA, Saudi Arabia, and Hong Kong. Peter is still active in the industry, currently designing projects in Ottawa, Toronto, Vancouver, Seattle, and Texas. Finally, the Company would like to advise that Tom MacDonald, who was nominated to stand in for election as a director, removed his consent to act prior to the Annual General Meeting due to an unforeseen personal commitment. Aankondiging • Jul 15
Sharc International Systems Inc., Annual General Meeting, Sep 12, 2023 Sharc International Systems Inc., Annual General Meeting, Sep 12, 2023. 