{"success":true,"data":{"pressRelease":{"id":"12002","rtpr_id":"nGNX2QhPhX","ticker":"SHRC","exchange":"","all_tickers":["SHRC"],"title":"Sharc Energy Closes Second Tranche of Debenture","author":"Globe Newswire","published_at":"2026-04-29T00:09:29.104Z","article_body":"VANCOUVER, British Columbia, April 28, 2026 (GLOBE NEWSWIRE) -- SHARC\nInternational Systems\n(https://www.globenewswire.com/Tracker?data=5bGempk5JJDCs5VFfcCoYfI8TGCFDCp30QH8mdOicgoq7rZgO5vzotA7gJgtMfsQwLCra61Pf--zhpLPDP62QtYtUwvcr1V15J-SnosdvZehEKZEI6IBquwcflBSIez2)\nInc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the\n“Company\") is pleased to announce that, further to its news release dated\nFebruary 17, 2026\n(https://www.globenewswire.com/Tracker?data=kjDyBB5jYUbx5V3Ykr0BcLUhiq1KPx8jDzSmH4SZRFW0kpMkdLVZ7_qK6K1wCpREzpCCja0DBJotZnuKxoQdQazeN3QuQiTcit4lZKOvPK2Tptc7gaBE7c4R67NkCISPhu4db4eT-6sMvWB2f088LJNCCYU-BjptD4bYQXt7ZXIcQM9x8jRck3VUqL8COJMg1N0Ga4nwtGAZ-n_pMdpXss-t1XPjkoKZFlIM1KZEMd9oaIhUtNCk8mePmC7nz-R_)\nand February 23, 2026\n(https://www.globenewswire.com/Tracker?data=7Fwllkslg1YwMBZQM5hN_LeE4eRjldC5PDZT_0Q4GMLa0zdPc5hJrHdiZXrRBYaGgXl03Xn42zg2jyzgPXDEzG3tfRxNahAWLtLo9vzc25sV03z07PREVKxIAfo8_61XTHmwdjQ1CEunt3gLYpzPtm1DKIMAGIQCmLcFM4xODZ4C7Pl0xk7A6XnFgTxZ4cnc),\nthe Company has closed the second-tranche of a non-brokered private placement\nof unsecured convertible debentures of the Company (each, a “Debenture”)\nfor a principal amount of $300,000 (the “Offering”). This brings total\nproceeds raised to date to $600,000.\n\nThe Debentures will bear interest from their issue date at 8.0% per annum\ncalculated annually & paid on maturity and will mature three (3) years\nfollowing the date of issuance (the “Maturity Date”). The Debentures are\nunsecured and will rank pari passu in right of payment of principal and\ninterest with all current and future unsecured indebtedness of the Company.\nThe Debentures, including any accrued and unpaid interest, will be convertible\ninto common shares in the capital of the Company (“Common Shares”) at a\nprice of $0.125 per Common Share (the “Conversion Price”) at the option of\nthe holder.\n\nThe Debentures are subject to a ten percent (10.0%) blocker provision, which\nrestricts the conversion of any underlying Debentures in the event such\nexercise would result in the securityholder holding ten percent (10.0%) or\nmore of the issued and outstanding Common Shares at such time.\n\nIn connection with the Offering, the Company paid to a certain eligible\nnon-arm’s length finder: (i) a cash fee of $8,000 and (ii) issued to such\nfinder, 64,000 compensation warrants of the Company (the “Compensation\nWarrants”). Each Compensation Warrant entitles the holder thereof to\npurchase one (1) Common Share of the Company at an exercise price of $0.125\nfor a period of three (3) years following the date of issuance.\n\nThe Company intends to use the net proceeds from the Offering for working\ncapital and general corporate purposes as the Company continues to fulfil the\nproduction, shipment and delivery of its Sales Order Backlog(1).\n\nThe Debentures and Compensation Warrants will not be listed or posted for\ntrading on any stock exchange. All securities issued in connection with the\nOffering will be subject to a statutory hold period of four (4) months plus\none (1) day from the date of issuance.\n\nThis press release does not constitute an offer to sell or a solicitation of\nan offer to buy any securities in the United States or to any “U.S.\nPerson” (as such term is defined in Regulation S under the U.S. Securities\nAct of 1933, as amended (the “U.S. Securities Act”)) of any equity or\nother securities of the Company. The securities described herein have not\nbeen, and will not be, registered under the U.S. Securities Act or under any\nstate securities laws and may not be offered or sold in the United States or\nto a U.S. Person absent registration under the 1933 Act and applicable state\nsecurities laws or an applicable exemption therefrom. Any failure to comply\nwith these restrictions may constitute a violation of U.S. securities laws.\n\nA director of the Company subscribed for Debentures with a principal amount of\n$200,000 in the Offering. The participation by the director constitutes a\n“related party transaction” as defined under Multilateral Instrument\n61-101 Protection of Minority Security Holders in Special Transactions (“MI\n61-101”). Such participation is exempt from the formal valuation and\nminority shareholder approval requirements of MI 61-101 as neither the fair\nmarket value of the Debentures acquired by the director, nor the consideration\nfor the Debentures paid by the director, exceed 25% of the Company’s market\ncapitalization.\n\nAbout SHARC Energy\n\nSHARC International Systems Inc. is a world leader in energy recovery from the\nwastewater we send down the drain every day. SHARC Energy's systems recycle\nthermal energy from wastewater, generating one of the most energy-efficient\nand economical systems for heating, cooling & hot water production for\ncommercial, residential, and industrial buildings along with thermal energy\nnetworks, commonly referred to as “District Energy”.\n\nSHARC Energy is publicly traded in Canada (CSE: SHRC\n(https://www.globenewswire.com/Tracker?data=GOpg9GMmuuMoPcedDYx3YZ9LvrprCSZ1-6SE2JuwaANN49c7bpT2juKkPRHY_bo5QAxLiR3hmsZXuILCgPwCCTEm0oyN0cfms7hRkbbjF8w=)),\nthe United States (OTCQB: INTWF\n(https://www.globenewswire.com/Tracker?data=I9ew8EnJB9ibl7O8HJXC293lPySS-dzj_EOuGH7kqPsXVQly13WujIyErMOVHkR_PTntOFEe_8thwmaw54_VCX-kGAG5VoR3sYgLMOTXn00=))\nand Germany (Frankfurt: IWIA\n(https://www.globenewswire.com/Tracker?data=EUmUMRv0jYAnI6-0n3lPGk-g0SfIuWaeueIjui4rQAaVk9dv2-fDLq17MtFJIrB0ALELELC_3G_r_KTI0mlcrFJY5c8R2wdwsOIwwMACjvVSUH-1r3qDgqnbqWiWWW0q))\nand you can find out more on our SEDAR\n(https://www.globenewswire.com/Tracker?data=v1uCC5lLmraVS3Bq_ch0uQWDVKEEXHegF2LBSr2T5NTsrqzdBYqIl8jK20oUc9AfhS6JxFaJrStKGlQlhGzUZmCntztYI4Mu_NmARe1nBc0=)\nprofile.\n\nLearn more about SHARC Energy: Website\n(https://www.globenewswire.com/Tracker?data=juhsJ_0VxnN59K-QJ81KV4qJrC4B2xucHfMJPQSaIrlrGy3f5IHc1L3ctuSt2lwBuPmPI19zABrsrCCpc0XfKw==)\n| Investor Page\n(https://www.globenewswire.com/Tracker?data=cNkPtBN3Jg3m-nqlOHPYavdNeVI_ZOcEjkL6Sqrss1mwsN8LVvmg0yvakFLQKCBGBGP2shhtgQHg4vW51cx1ILI2lh8O7O7-jgjo-c0kg7k=)\n| LinkedIn\n(https://www.globenewswire.com/Tracker?data=F5kHfmLS68xqYtTl4XRMMe8TSG-ZmNOYC-gnCzgc6TDKYt6xQMi0o1KxUZAUQsQ9m42EyR6LEtHeZKvVhMXU1gfz5B_TIUbVDKBKP80wMjE=)\n| YouTube\n(https://www.globenewswire.com/Tracker?data=GEBAGPivpOe9cXHWuWkI8TrTjl9DmQnYgYNrG8s5iB4cLmf_0XV1cK3JdH4KcNnwnxHtwTixNQxZGHWlD6FuyfDbpTZdbQauIu7dqduy5tw=)\n| PIRANHA\n(https://www.globenewswire.com/Tracker?data=jjRYgItdOQrBAo_nXvqb3E-Ep1ixY6U73RwV5sR4Yaxn5znp1hVbXSJtEbU6UHJ7nc6ji_zRHHUqbSjTk_Fcbfj1D64xl948JPcV_P-P5cc=)\n| SHARC\n(https://www.globenewswire.com/Tracker?data=5bGempk5JJDCs5VFfcCoYdfc4n37JyLYlsWK0UA2mLbv8-MLuM_v3s_u-5QxyY8Y9WWpdMxlPne8k_0P9eX0I9T62ezgtnyfEZCU9FeAbvlXWOjzzt4ZfpnbzIB0CuHVb1gebwWXESwc3LlxCMsmMA==)\n\nON BEHALF OF THE BOARD\n\nFred Andriano\nChairman\n\n For investor inquiries, please contact:                            For media inquiries, please contact:    \n Hanspaul Pannu (https://smart.sharcenergy.com/LI-HanspaulPannu)    John Louis Fahie                        \n Chief Financial Officer                                            Marketing                               \n SHARC Energy                                                       SHARC Energy                            \n Telephone: (604) 475-7710 ext. 4                                   Telephone: 604.475.7710 Ext.109         \n Email: hanspaul.pannu@sharcenergy.com                              Email: johnlouis.fahie@sharcenergy.com  \n                                                                                                            \n\nThe Canadian Securities Exchange does not accept responsibility for the\nadequacy or accuracy of this release.\n\nForward-Looking Statements\n\nCertain statements contained in this news release may constitute\nforward-looking information. Forward-looking information is often, but not\nalways, identified using words such as “anticipate”, “plan”,\n“estimate”, “expect”, “may”, “will”, “intend”,\n“should”, and similar expressions. Forward-looking information involves\nknown and unknown risks, uncertainties and other factors that may cause actual\nresults or events to differ materially from those anticipated in such\nforward-looking information. SHARC Energy’s actual results could differ\nmaterially from those anticipated in this forward-looking information because\nof regulatory decisions, competitive factors in the industries in which the\nCompany operates, prevailing economic conditions, and other factors, many of\nwhich are beyond the control of the Company. SHARC Energy believes that the\nexpectations reflected in the forward-looking information are reasonable, but\nno assurance can be given that these expectations will prove to be correct and\nsuch forward-looking information should not be unduly relied upon. Any\nforward-looking information contained in this news release represents the\nCompany’s expectations as of the date hereof and is subject to change after\nsuch date. The Company disclaims any intention or obligation to update or\nrevise any forward-looking information whether because of new information,\nfuture events or otherwise, except as required by applicable securities\nlegislation. \n\n(1) Sales Order Backlog is a non-IFRS measure. Please see discussion of\nAlternative Performance Measures and Non-IFRS Measures in the Q3 2025 MD&A.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/39ec9fc1-dbd9-47d9-8ff6-04857ad9e517)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2QhPhX","title":"Sharc Energy Closes Second Tranche of Debenture","author":"Globe Newswire","ticker":"SHRC","created":"2026-04-29T00:09:29.104Z","tickers":["SHRC"],"exchange":"","article_body":"VANCOUVER, British Columbia, April 28, 2026 (GLOBE NEWSWIRE) -- SHARC\nInternational Systems\n(https://www.globenewswire.com/Tracker?data=5bGempk5JJDCs5VFfcCoYfI8TGCFDCp30QH8mdOicgoq7rZgO5vzotA7gJgtMfsQwLCra61Pf--zhpLPDP62QtYtUwvcr1V15J-SnosdvZehEKZEI6IBquwcflBSIez2)\nInc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the\n“Company\") is pleased to announce that, further to its news release dated\nFebruary 17, 2026\n(https://www.globenewswire.com/Tracker?data=kjDyBB5jYUbx5V3Ykr0BcLUhiq1KPx8jDzSmH4SZRFW0kpMkdLVZ7_qK6K1wCpREzpCCja0DBJotZnuKxoQdQazeN3QuQiTcit4lZKOvPK2Tptc7gaBE7c4R67NkCISPhu4db4eT-6sMvWB2f088LJNCCYU-BjptD4bYQXt7ZXIcQM9x8jRck3VUqL8COJMg1N0Ga4nwtGAZ-n_pMdpXss-t1XPjkoKZFlIM1KZEMd9oaIhUtNCk8mePmC7nz-R_)\nand February 23, 2026\n(https://www.globenewswire.com/Tracker?data=7Fwllkslg1YwMBZQM5hN_LeE4eRjldC5PDZT_0Q4GMLa0zdPc5hJrHdiZXrRBYaGgXl03Xn42zg2jyzgPXDEzG3tfRxNahAWLtLo9vzc25sV03z07PREVKxIAfo8_61XTHmwdjQ1CEunt3gLYpzPtm1DKIMAGIQCmLcFM4xODZ4C7Pl0xk7A6XnFgTxZ4cnc),\nthe Company has closed the second-tranche of a non-brokered private placement\nof unsecured convertible debentures of the Company (each, a “Debenture”)\nfor a principal amount of $300,000 (the “Offering”). This brings total\nproceeds raised to date to $600,000.\n\nThe Debentures will bear interest from their issue date at 8.0% per annum\ncalculated annually & paid on maturity and will mature three (3) years\nfollowing the date of issuance (the “Maturity Date”). The Debentures are\nunsecured and will rank pari passu in right of payment of principal and\ninterest with all current and future unsecured indebtedness of the Company.\nThe Debentures, including any accrued and unpaid interest, will be convertible\ninto common shares in the capital of the Company (“Common Shares”) at a\nprice of $0.125 per Common Share (the “Conversion Price”) at the option of\nthe holder.\n\nThe Debentures are subject to a ten percent (10.0%) blocker provision, which\nrestricts the conversion of any underlying Debentures in the event such\nexercise would result in the securityholder holding ten percent (10.0%) or\nmore of the issued and outstanding Common Shares at such time.\n\nIn connection with the Offering, the Company paid to a certain eligible\nnon-arm’s length finder: (i) a cash fee of $8,000 and (ii) issued to such\nfinder, 64,000 compensation warrants of the Company (the “Compensation\nWarrants”). Each Compensation Warrant entitles the holder thereof to\npurchase one (1) Common Share of the Company at an exercise price of $0.125\nfor a period of three (3) years following the date of issuance.\n\nThe Company intends to use the net proceeds from the Offering for working\ncapital and general corporate purposes as the Company continues to fulfil the\nproduction, shipment and delivery of its Sales Order Backlog(1).\n\nThe Debentures and Compensation Warrants will not be listed or posted for\ntrading on any stock exchange. All securities issued in connection with the\nOffering will be subject to a statutory hold period of four (4) months plus\none (1) day from the date of issuance.\n\nThis press release does not constitute an offer to sell or a solicitation of\nan offer to buy any securities in the United States or to any “U.S.\nPerson” (as such term is defined in Regulation S under the U.S. Securities\nAct of 1933, as amended (the “U.S. Securities Act”)) of any equity or\nother securities of the Company. The securities described herein have not\nbeen, and will not be, registered under the U.S. Securities Act or under any\nstate securities laws and may not be offered or sold in the United States or\nto a U.S. Person absent registration under the 1933 Act and applicable state\nsecurities laws or an applicable exemption therefrom. Any failure to comply\nwith these restrictions may constitute a violation of U.S. securities laws.\n\nA director of the Company subscribed for Debentures with a principal amount of\n$200,000 in the Offering. The participation by the director constitutes a\n“related party transaction” as defined under Multilateral Instrument\n61-101 Protection of Minority Security Holders in Special Transactions (“MI\n61-101”). Such participation is exempt from the formal valuation and\nminority shareholder approval requirements of MI 61-101 as neither the fair\nmarket value of the Debentures acquired by the director, nor the consideration\nfor the Debentures paid by the director, exceed 25% of the Company’s market\ncapitalization.\n\nAbout SHARC Energy\n\nSHARC International Systems Inc. is a world leader in energy recovery from the\nwastewater we send down the drain every day. SHARC Energy's systems recycle\nthermal energy from wastewater, generating one of the most energy-efficient\nand economical systems for heating, cooling & hot water production for\ncommercial, residential, and industrial buildings along with thermal energy\nnetworks, commonly referred to as “District Energy”.\n\nSHARC Energy is publicly traded in Canada (CSE: SHRC\n(https://www.globenewswire.com/Tracker?data=GOpg9GMmuuMoPcedDYx3YZ9LvrprCSZ1-6SE2JuwaANN49c7bpT2juKkPRHY_bo5QAxLiR3hmsZXuILCgPwCCTEm0oyN0cfms7hRkbbjF8w=)),\nthe United States (OTCQB: INTWF\n(https://www.globenewswire.com/Tracker?data=I9ew8EnJB9ibl7O8HJXC293lPySS-dzj_EOuGH7kqPsXVQly13WujIyErMOVHkR_PTntOFEe_8thwmaw54_VCX-kGAG5VoR3sYgLMOTXn00=))\nand Germany (Frankfurt: IWIA\n(https://www.globenewswire.com/Tracker?data=EUmUMRv0jYAnI6-0n3lPGk-g0SfIuWaeueIjui4rQAaVk9dv2-fDLq17MtFJIrB0ALELELC_3G_r_KTI0mlcrFJY5c8R2wdwsOIwwMACjvVSUH-1r3qDgqnbqWiWWW0q))\nand you can find out more on our SEDAR\n(https://www.globenewswire.com/Tracker?data=v1uCC5lLmraVS3Bq_ch0uQWDVKEEXHegF2LBSr2T5NTsrqzdBYqIl8jK20oUc9AfhS6JxFaJrStKGlQlhGzUZmCntztYI4Mu_NmARe1nBc0=)\nprofile.\n\nLearn more about SHARC Energy: Website\n(https://www.globenewswire.com/Tracker?data=juhsJ_0VxnN59K-QJ81KV4qJrC4B2xucHfMJPQSaIrlrGy3f5IHc1L3ctuSt2lwBuPmPI19zABrsrCCpc0XfKw==)\n| Investor Page\n(https://www.globenewswire.com/Tracker?data=cNkPtBN3Jg3m-nqlOHPYavdNeVI_ZOcEjkL6Sqrss1mwsN8LVvmg0yvakFLQKCBGBGP2shhtgQHg4vW51cx1ILI2lh8O7O7-jgjo-c0kg7k=)\n| LinkedIn\n(https://www.globenewswire.com/Tracker?data=F5kHfmLS68xqYtTl4XRMMe8TSG-ZmNOYC-gnCzgc6TDKYt6xQMi0o1KxUZAUQsQ9m42EyR6LEtHeZKvVhMXU1gfz5B_TIUbVDKBKP80wMjE=)\n| YouTube\n(https://www.globenewswire.com/Tracker?data=GEBAGPivpOe9cXHWuWkI8TrTjl9DmQnYgYNrG8s5iB4cLmf_0XV1cK3JdH4KcNnwnxHtwTixNQxZGHWlD6FuyfDbpTZdbQauIu7dqduy5tw=)\n| PIRANHA\n(https://www.globenewswire.com/Tracker?data=jjRYgItdOQrBAo_nXvqb3E-Ep1ixY6U73RwV5sR4Yaxn5znp1hVbXSJtEbU6UHJ7nc6ji_zRHHUqbSjTk_Fcbfj1D64xl948JPcV_P-P5cc=)\n| SHARC\n(https://www.globenewswire.com/Tracker?data=5bGempk5JJDCs5VFfcCoYdfc4n37JyLYlsWK0UA2mLbv8-MLuM_v3s_u-5QxyY8Y9WWpdMxlPne8k_0P9eX0I9T62ezgtnyfEZCU9FeAbvlXWOjzzt4ZfpnbzIB0CuHVb1gebwWXESwc3LlxCMsmMA==)\n\nON BEHALF OF THE BOARD\n\nFred Andriano\nChairman\n\n For investor inquiries, please contact:                            For media inquiries, please contact:    \n Hanspaul Pannu (https://smart.sharcenergy.com/LI-HanspaulPannu)    John Louis Fahie                        \n Chief Financial Officer                                            Marketing                               \n SHARC Energy                                                       SHARC Energy                            \n Telephone: (604) 475-7710 ext. 4                                   Telephone: 604.475.7710 Ext.109         \n Email: hanspaul.pannu@sharcenergy.com                              Email: johnlouis.fahie@sharcenergy.com  \n                                                                                                            \n\nThe Canadian Securities Exchange does not accept responsibility for the\nadequacy or accuracy of this release.\n\nForward-Looking Statements\n\nCertain statements contained in this news release may constitute\nforward-looking information. Forward-looking information is often, but not\nalways, identified using words such as “anticipate”, “plan”,\n“estimate”, “expect”, “may”, “will”, “intend”,\n“should”, and similar expressions. Forward-looking information involves\nknown and unknown risks, uncertainties and other factors that may cause actual\nresults or events to differ materially from those anticipated in such\nforward-looking information. SHARC Energy’s actual results could differ\nmaterially from those anticipated in this forward-looking information because\nof regulatory decisions, competitive factors in the industries in which the\nCompany operates, prevailing economic conditions, and other factors, many of\nwhich are beyond the control of the Company. SHARC Energy believes that the\nexpectations reflected in the forward-looking information are reasonable, but\nno assurance can be given that these expectations will prove to be correct and\nsuch forward-looking information should not be unduly relied upon. Any\nforward-looking information contained in this news release represents the\nCompany’s expectations as of the date hereof and is subject to change after\nsuch date. The Company disclaims any intention or obligation to update or\nrevise any forward-looking information whether because of new information,\nfuture events or otherwise, except as required by applicable securities\nlegislation. \n\n(1) Sales Order Backlog is a non-IFRS measure. Please see discussion of\nAlternative Performance Measures and Non-IFRS Measures in the Q3 2025 MD&A.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/39ec9fc1-dbd9-47d9-8ff6-04857ad9e517)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-04-29T00:09:29.147308427Z","server_sent_at_ms":1777421369147},"received_at":"2026-04-29T00:09:29.200Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}