17:28:02 EST Tue 07 Dec 2021
Enter Symbol
or Name

Aether Catalyst Solutions Inc
Symbol ATHR
Shares Issued 41,746,712
Close 2021-06-02 C$ 0.17
Recent Sedar Documents

Aether Catalyst arranges $1-million private placement

2021-06-02 17:16 ET - News Release

Mr. Paul Woodward reports


Aether Catalyst Solutions Inc. has proposed to raise up to $1-million through a non-brokered private placement of up to 5,714,286 units at a price of 17.5 cents per unit. Each unit will consist of one common share and one transferable common share purchase warrant of the company, with each whole warrant exercisable for a period of 24 months from the date of closing at a price of 22.5 cents per share.

Finders' fees or commissions may be payable to certain eligible persons. All securities issued in connection with the private placement are subject to a four-month hold period in Canada.

The terms of the financing are subject to applicable securities laws and regulatory approval. Additional details regarding the offering can be found in the Form 9 filed in accordance with the rules of the Canadian Securities Exchange, a copy of which is accessible on the CSE website under the company's profile.

The gross proceeds of the private placement will be used to repay outstanding payables and for the expansion of current development programs.

The company confirms that there is no material fact or material change about the company that has not already been generally disclosed. Closing is expected to occur in one or more tranches by June 30, 2021.

About Aether Catalyst Solutions Inc.

Aether Catalyst Solutions is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst, while meeting or exceeding government emission standards. Aether is working to quickly advance its technology through rapid screening of new materials directed at enhancing end-of-life conversion levels after accelerated aging. While Aether's primary focus has been automotive applications, the company is also developing catalysts to address small motors emissions a significant contributor to urban air pollution.

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