DELTA, BC, Nov. 14, 2011 /CNW/ - 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 $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
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.
SOURCE AirTest Technologies Inc.
For further information:
Mr. George Graham, President
Phone: (604) 517 3888
Fax : (604) 517 3900