American Aires Announces $3 Million Private Placement
TORONTO, May 08, 2024 (GLOBE NEWSWIRE) -- Americas Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the “Company”), a pioneer in cutting-edge technology designed to protect against electromagnetic radiation and optimize human health, is pleased to announce that it has entered into an agreement with Eight Capital dated May 8, 2024, pursuant to which the Eight Capital has agreed to act as agent, on a “best efforts” basis, in connection with a private placement of up to 3,158,000 units of the Company (the “Units”) at a price of $0.95 per Unit (the “Issue Price”) for gross proceeds of up to $3,000,100 (the “Offering”).
- Each Unit will be comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant of the Company (a “Warrant”).
- If the Agent’s Option is exercised in its entirety, the total gross proceeds to the Company from the Offering will be C$3,770,465 from the sale of 3,968,911 Units.
- The net proceeds of the Offering will be used for marketing, working capital and general corporate purposes.
- There is an offering document related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.investors.airestech.com .