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 the aggregate gross proceeds of up to CAD 300,000 on September 12, 2023. 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 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.

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. The transaction is subject to the approval of the Exchange.