Delta, British Columbia--(Newsfile Corp. - November 9, 2020) - Airtest Technologies Inc. ("AirTest" or the "Company") (TSXV: AAT) CEO George Graham announces that the private placement that was conditionally approved by the TSX Venture Exchange on October 9, 2020 has now been granted a 30 day extension which will make the closing date December 10, 2020.
There has been no material change in Company operations as yet, and there are some 2,000,000 units still available for sale at $0.05 per share. Each unit also includes one non-transferable purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share in the capital of the Company for a period of two years from the closing date at an exercise price of $0.08. The warrants are subject to an acceleration provision, such that in the event that the Shares have a closing price on the TSX Venture Exchange of greater than $0.10 per Share for a period of 10 non-consecutive trading days at any time after four months and one day from the closing of the Offering, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and, in such case, the Warrants will expire on the 30th day after the date on which such notice is given to the holder.
Finder's fees or brokers' commissions may be paid in accordance with the TSX-V policies.
About ATI: AirTest Technologies is a Green-Tech company specializing in sensors that improve commercial building operating efficiency and at the same time create energy savings. These sensors are all based on technical innovations developed in the last ten years and comprise a growing second wave of energy saving technologies that are positioned to make a significant contribution to the Sustainable Buildings Program. AirTest offers its products to leading-edge building owners, contractors and energy service companies targeting the buildings market. AirTest also provides energy cost reduction solutions to building equipment and controls manufacturers who incorporate AirTest sensor components in their products.
# # #
For further information, please contact:
Mr. George Graham, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67798