VANCOUVER, British Columbia, June 01, 2020 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or the Company) announces that on May 29th, 2020, further to its news release dated May 27, 2020, it has closed a non-brokered private placement of convertible debenture units (Debenture Units) for gross proceeds of $2,000,000 (the Offering) and completed the settlement agreements (the Settlement Agreements) as agreed to with all holders (Debentureholders) of the Companys $1.32M and $1.023M 12% unsecured, convertible debentures due May 30, 2020 and June 29, 2020 (the Maturing Debentures).
Each Debenture Unit consists of: (i) $…
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