DELTA, BC, Oct. 20 /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 $480,000. Pursuant to the terms of the private placement, the Company intends to issue up to 8,000,000 units at a price of $0.06 per unit. Each Unit consists of one common share ("a share") and one half of one common share purchase warrant ("a Warrant"). One whole Warrant entitles the holder to acquire an additional share at a price of $0.10 for a period of one year from the date of issuance.
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.
SOURCE AIRTEST TECHNOLOGIES INC.
For further information: For further information: Mr. George Graham, President, Phone: (604) 517-3888, Fax: (604) 517-3900, Email: firstname.lastname@example.org, Website: www.airtesttechnologies.com