ATI Airtest Technologies Inc. announced a non-brokered private placement of up to 60,000,000 units at a price of CAD 0.01 per unit, for gross proceeds of up to CAD 600,000 on December 16, 2022. Each unit will be comprised of one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share in the capital of the company for a period of 24 months from the closing date at an exercise price of CAD 0.05, subject to the Acceleration Provision, whereby the expiry of warrants issued may be accelerated in the event the daily trading price of the shares equals or exceeds CAD 0.08 on the TSX Venture Exchange for 10 nonconsecutive trading days.

Insiders may participate in the financing and finder's fees may be payable to eligible finders. All securities issued in connection with the financing will be subject to a statutory hold period expiring four months and one day after closing. Completion of the financing is subject to the approval of the Exchange.