ATI Airtest Technologies Inc. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.015 per unit, for gross proceeds of up to CAD 300,000 on September 12, 2023. Each unit will be comprised of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share for a period of 12 months from the closing date at an exercise price of CAD 0.05, subject to an acceleration provision whereby the expiry date of the warrants may be accelerated if the daily trading price of the Shares equals or exceeds CAD 0.08 on the TSX Venture Exchange for 10 non-consecutive trading days in which event the company may accelerate the expiry date of the warrants by giving notice via news release and, in such case, the warrants will expire on the 30th day after the date on which the news release is disseminated.

The transaction may include participation from insiders of the company and finder?s fees may be payable to eligible finders. All securities issued in connection with the transaction will be subject to a statutory hold period expiring four months and one day after closing. The completion of the transaction is subject to the approval of the Exchange.