CHAR Technologies Ltd. (formerly Cleantech Capital Inc.) announced that, subject to the completion of filings with the TSX Venture Exchange, it has closed its qualifying transaction with CHAR Technologies Inc. The new management of the Corporation consists of John Nicholson as President and Chief Operating Officer, Andrew White as Chief Executive Officer and Eric Beutel as Chief Financial Officer. The Board of Directors of the Corporation now consists of Willian White, Ian Anderson, James Sbrolla, Lyle Clarke, Enzo Macri and Eric Beutel. In connection with the Qualifying Transaction, Jim Boyle resigned as a Director of the Corporation.