Another step.......AirTest announces financing
DELTA, BC, Aug. 25, 2010 (Canada NewsWire via COMTEX News Network) --
AirTest Technologies (TSXV: AAT) is pleased to announce the Company is offering a non brokered private placement for securities for gross proceeds of up to $250,000.
Pursuant to the terms of the private placement, the Company intends to issue up to 5,000,000 units at a price of
.05 per unit.
Each unit will consist of one common share in the capital of the Company and will include a warrant that can be exchanged for 1 common share at an exercise price of
.10 for a period of 12 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 the development of the new sensor technology under exclusive license to the Company. The Private Placement is subject to the approval of the TSX Venture Exchange.