PP news From Stockwatch - any idea if they are raising the rest of the money?
American Aires closes private placement
2021-05-29 02:40 ET - News Release
Mr. Dimitry Serov reports
AMERICAN AIRES ANNOUNCES PRIVATE PLACEMENT CLOSING
American Aires Inc. has completed a tranche of its previously announced non-brokered private placement. The company has raised gross proceeds of $905,000 through the issuance of 6,033,333 common share units of the company at a price of 15 cents per unit. Pursuant to the closing, the company paid a finder's fee of $47,250 and issued finders' warrants exercisable for 315,000 units. All securities issued pursuant to the private placement are subject to a four-month hold period from the date of issue. Proceeds from the private placement will be used by the company for working capital and for other general and administrative costs.
About American Aires Inc.
American Aires is a nanotechnology company which has developed proprietary silicon-based microprocessors that reduce the harmful effects of electromagnetic radiation (EMR). The technology was developed by a team of highly credited scientists and confirmed by independent third party validation, including peer-reviewed studies and publications in scientific journals. The technology specifically targets cellphones, computers, baby monitors, WiFi radiation and general EMR emitted by consumer electronic devices. Aires has launched a full suite of consumer products under the brand name Airestech for use on almost all consumer electronic devices. The company has adopted a global e-commerce and distribution platform that scales easily as sales grow. Since launching in 2019, Aires has enjoyed exuberant growth. The company has been aggressively building out its e-commerce platform, which is now capable of delivering up to 10,000 shipments a day, along with recent customer service centre agreements. Strategically placed fulfilment centres have been secured to ensure prompt delivery around the globe (see press release dated Jan. 31, 2020). With the launch of 5G networks around the world, the company is seeing an increase of news, reports and leading health organizations discussing the potential harm of EMR and the importance of identifying solutions to reduce these harmful rays. Aires products are the solution.
We seek Safe Harbor.
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