Aether Announces Close Of Private Placement

Executive Summary

• Aether Global Innovations Corp. completed its previously announced non‑brokered private placement, issuing 8,319,100 Units at $0.15 per Unit for gross proceeds of $1,247,865.
• Each Unit includes one common share and a half‑share warrant; warrants allow purchase of shares at $0.25 for 24 months.
• The net proceeds will be used for product acquisition to support strategic international sales opportunities and general working capital.

Key Details

• Units Issued: 8,319,100 Units (each = 1 common share + ½ transferable warrant).
• Pricing: $0.15 per Unit; total gross proceeds $1,247,865.
• Warrant Terms: Each whole warrant permits purchase of one share at $0.25 for a 24‑month period from closing.
• Finder’s Compensation: Cash finder fee paid $54,698.25 and issuance of 504,000 non‑transferable Finder’s Warrants (exercise price $0.25 per share, 24‑month term).
• Use of Proceeds: Product acquisition for strategic international sales opportunities; general working capital requirements.
• Closing Conditions: Subject to receipt of all necessary approvals, including CSE approval; securities subject to resale restrictions for four months and one day from closing.

Notable Quotes

• “The completion of this private placement provides us with the capital needed to accelerate product acquisition and expand our international sales footprint,” – Richard Unrau, CEO.