AirTest Announces Financing
May 16 2014 - 8:30AM
Marketwired
AirTest Announces Financing
DELTA, BRITISH COLUMBIA--(Marketwired - May 16, 2014) - ATI
AirTest Technologies (TSX-VENTURE:AAT) is pleased to announce the
Company is offering a non brokered private placement for securities
for gross proceeds of up to $600,000. Pursuant to the terms of the
private placement, the Company intends to issue up to 12,000,000
units at a price of $0.05 per unit. Each unit will consist of one
common share in the capital of the Company plus one warrant. The
warrant will have a two year expiry from date of share issuance.
For the first year following issuance, two warrants plus $0.10 will
purchase one common share, and for the second year following
issuance, two warrants plus $0.12 will purchase one common
share.
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 furthering the
Company's product development program and 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.
ATI AirTest Technologies Inc.Mr. George GrahamPresident(604) 517
3888(604) 517
3900ggraham@airtesttechnologies.comwww.airtesttechnologies.com
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