AirTest announces financing

DELTA, BC, Aug. 25 /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 $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 $0.05 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 $0.10 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.

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.

%SEDAR: 00012286E

SOURCE AIRTEST TECHNOLOGIES INC.

For further information: For further information: Mr. George Graham, President, Phone: (604) 517 3888, Fax: (604) 517 3900, Email: ggraham@airtesttechnologies.com, Website: www.airtesttechnologies.com

Organization Profile

AIRTEST TECHNOLOGIES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890