22:09:42 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



ATI Airtest Technologies Inc (2)
Symbol AAT
Shares Issued 222,672,582
Close 2023-09-12 C$ 0.015
Market Cap C$ 3,340,089
Recent Sedar Documents

ATI Airtest arranges $300,000 private placement

2023-09-13 00:19 ET - News Release

Mr. Ted Konyi reports

ATI AIRTEST ANNOUNCES $300,000 NON-BROKERED PRIVATE PLACEMENT

ATI Airtest Technologies Inc. has arranged a non-brokered private placement of up to 20 million units at a price of 1.5 cents per unit for gross proceeds of up to $300,000.

Each unit will be composed of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share in the capital of the company for a period of 12 months from the closing date at an exercise price of five cents subject to an acceleration provision whereby the expiry date of the warrants may be accelerated if the daily trading price of the shares equals or exceeds eight cents on the TSX Venture Exchange (or such other exchange on which the shares may then be traded) for 10 non-consecutive trading days in which event the company may accelerate the expiry date of the warrants by giving notice by news release, and, in such case, the warrants will expire on the 30th day after the date on which the news release is disseminated.

The company intends to use the proceeds from the financing for general working capital. Insiders may participate in the financing, and finders' fees may be payable to eligible finders.

All securities issued in connection with the financing will be subject to a statutory hold period expiring four months and one day after closing. Completion of the financing is subject to the approval of the exchange. Any participation by insiders will constitute a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions), but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About ATI Airtest Technologies Inc.

ATI Airtest is a green-technology Internet of Things company with proprietary sensor technologies that drive proven energy savings while simultaneously improving air control and quality in commercial and government structures. Over the past decade, ATI Airtest has installed thousands of wired systems in major chains such as Canadian Tire, Walmart, Shoppers Drug Mart and enclosed parkades. The company is launching a new line of wireless technologies with improved capabilities and dynamics, which will reduce carbon emissions, increase air quality in a COVID-19 environment, and provide attractive energy and cost savings.

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