VANCOUVER, June 3, 2011 /PRNewswire/ - 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 $400,000. Pursuant to the
terms of the private placement, the Company intends to issue up to
8,000,000 units at a price of $0.05
per unit. Each unit will consist of one (1) common share in
the capital of the Company and will include one (1) warrant that
can be exchanged for one (1) common share at an exercise price of
$0.10 for a period of 24 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 to support new product
development. The Private Placement is subject to the approval
of the TSX Venture Exchange.
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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.