Mr. Paul Woodward reports
AETHER CATALYST SOLUTIONS INC
Aether Catalyst Solutions Inc. subsidiary Cap Clean Energy Corp. has completed a first tranche of its non-brokered private placement consisting of the issuance of up to four million units at a price of 25 cents per unit for gross aggregate proceeds of up to $1-million, pursuant to which Cap Clean, in this tranche, has issued 1.15 million units for total gross aggregate proceeds of $287,500. This press releases is further to its news releases dated July 5, 2022.
In connection with the closing of this tranche of the private placement, Cap Clean paid finders' fees of $8,050 and issued 46,000 finders' warrants with the same terms and conditions as the warrants forming part of the private placement.
Cap Clean intends to use the proceeds of the offering to acquire mineral pore space and technology licences for the development of net zero energy projects and for general working capital purposes.
About Aether Catalyst Solutions Inc.
Aether Catalyst Solutions, Inc., a clean-air tech company, is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst technology while meeting or exceeding government emission standards. Aether is working quickly to advance its technology through rapid screening of new material combinations. To date, Aether's primary focus has been on catalyst development for the transportation and small motors industries -- both significant contributors to urban air pollution. Recently Aether formed a subsidiary company, Cap Clean Energy Corp., to explore other applications in clean-air technology.
We seek Safe Harbor.
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