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Transaction

CHAR Technologies - BMI Group private placement (May 2025)

Terms

Announced
12 May 2025
Instrument
Equity
Amount
US$1.44mReported as C$2,000,000 (10,000,000 common shares), converted at 0.7208 USD/CAD (May 2025 average)

Parties

Project developer
CHAR Technologies
Recipient type
Technology company
Country
Canada
Capital providers
Capital providers and the amount counted for each
PartyRoleAmountBasis
BMI GroupInvestorUS$1.44mSole provider: the whole transaction

Carbon

Pathway
Biochar

What happened

CHAR Technologies completed a C$2,000,000 non-brokered private placement subscribed by the BMI Group (10,000,000 common shares), making BMI its second-largest shareholder at about 8%. Source: 'successful completion of its previously announced C$2,000,000 non-brokered private placement'.

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