ATI Airtest arranges $250,000 private placement

2009-02-23 17:05 EST - News Release

Mr. George Graham reports

AIRTEST ANNOUNCES FINANCING

ATI Airtest Technologies Inc. is arranging a non-brokered private placement for securities for gross proceeds of up to $250,000. Pursuant to the terms of the private placement, the company intends to issue up to 12.5 million units at a price of two cents per unit. Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant will entitle the holder to buy one additional common share of the company at a price of 10 cents per share for a period of 12 months from the date of the closing of the private placement.