07:26:41 EDT Wed 28 Oct 2020
Enter Symbol
or Name

Aether Catalyst Solutions Inc
Symbol ATHR
Shares Issued 41,746,712
Close 2020-06-11 C$ 0.25
Recent Sedar Documents

Aether Catalyst arranges $500,000 private placement

2020-06-12 17:33 ET - News Release

Mr. Paul Woodward reports


Aether Catalyst Solutions Inc. proposes to raise up to $500,000 through a non-brokered private placement of up to 2.5 million units at a price of 20 cents per unit. Each unit will consist of one common share and one-half of one transferable common share purchase warrant of the company, with each whole warrant exercisable for a period of 16 months from the date of closing at a price of 30 cents per share.

Finder's 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 company's Form 9 filed in accordance with the rules of the Canadian Securities Exchange, a copy of which is accessible on the CSE's website under the company's profile.

The gross proceeds of the private placement will be used to primarily finance continuing operating expenses and in the exploration of additional applications of the company's technology.

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 July 15, 2020.

About Aether Catalyst Solutions Inc.

Aether 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 is automotive, other potential applications for this low-cost technology are also being explored. Aether is looking to supplant precious metals in automotive catalysts for gasoline-powered engines, a greater than $20-billion cost annually at today's prices.

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