Mr. Paul Woodward reports
AETHER CATALYST SOLUTIONS, INC. ANNOUNCES BRIDGE LOAN FINANCING.
Aether Catalyst Solutions Inc. has entered into loan agreements with lenders, comprising an
arm's-length individual, two directors and the spouse of a director, for loans in the
aggregate amount of $125,000). The loans bear interest at an annual rate of 15 per cent and will
be repayable in full on various dates 12 months from advancement of funds. The company may prepay
all or a portion of the loans in advance at any time subject to at least six months interest paid to the lenders.
In consideration for the loans and subject to the Canadian Stock Exchange approval, the company will
issue in favour of the lenders, an aggregate of 625,000 common shares.
The corporation intends to use the loans for working capital and general corporate purposes.
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.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.