Mr. Paul Woodward reports
AETHER CATALYST SOLUTIONS ANNOUNCES AMENDMENT TO NON-BROKERED PRIVATE PLACEMENT
Aether Catalyst Solutions Inc. has repriced its non-brokered private
placement for aggregate gross proceeds of up to $500,000, originally announced on June 12, 2020.
The offering will be amended to an amount of up to $525,000 through the sale of up to 3.5 million units at
a price of 15 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 12 months from the date of closing at a price of 25 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-plus-one-day 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 at the CSE website under the company's profile.
The gross proceeds of the private placement will be primarily used to 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 Oct. 15,
2020.
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 is automotive, other
potential applications, such as small motors, 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.
© 2024 Canjex Publishing Ltd. All rights reserved.