AirTest Announces Financing
November 10 2011 - 6:09PM
PR Newswire (Canada)
DELTA, BC, Nov. 14, 2011 /CNW/ - AirTest Technologies is pleased to
announce the Company is offering a non-brokered private placement
for securities for gross proceeds of up to $500,000. Pursuant
to the terms of the private placement, the Company intends to issue
up to 3,850,000 units at a price of $0.13 per unit. The unit
deal will include a warrant where 4 warrants and $0.80 can be
exchanged for 3 common shares for a period of 60 months following
the closing of the private placement. Commissions or finder's fees
will be paid pursuant to this Private Placement in accordance with
the policies of the TSX Venture Exchange. The Proceeds of the
offering will be used for general working capital purposes.
The Private Placement is subject to the approval of the TSX Venture
Exchange. Statements about the Company's future expectations and
all other statements in this press release other than historical
facts are "forward looking statements". The Company intends that
such forward-looking statements be subject to the safe harbours
created thereby. Since these statements involve risks and
uncertainties and are subject to change at any time, the Company's
actual results may differ materially from the expected results. The
TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. AirTest Technologies Inc.
CONTACT: Mr. George Graham, PresidentPhone: (604) 517 3888Fax :
(604) 517 3900Email: ggraham@airtesttechnologies.comWebsite:
www.airtesttechnologies.com
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