Aether Global Innovations Corp. (AETH) announced a private placement of up to 16,666,667 Units at a price of $0.03 per Unit for gross proceeds of up to $500,000. The company also announced the appointment of Rick Unrau as a strategic advisor and Michael Volpe as chairman of the Board.
Aether Global Innovations Corp . (AETH) announced a private placement of up to 16,666,667 Units at a price of $0.03 per Unit for gross proceeds of up to $500,000. Each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 for 36 months from the date of closing. The Company intends to use the net proceeds for general working capital and investments in Xentera Technologies Inc., as previously disclosed.
Completion of the Private Placement is subject to customary conditions, including regulatory approvals. Securities issued through the Private Placement will be subject to customary resale restrictions for four months and a day from the closing date.Aether also announced the appointment of Rick Unrau as a strategic advisor. Mr. Unrau brings over 30 years of senior management experience in telecommunications, technology, and financial services. He is recognized for his problem-solving abilities and expertise in developing and implementing processes, systems, and controls. In other news, the company announced the appointment of Michael Volpe as chairman of the Board. Mr. Volpe succeeds Doug Smith, who will remain on the Board. Mr. Volpe has over 25 years of experience in financial planning and money management, with a focus on emerging small-cap technology companies. He currently serves as chairman of the Canadian Institute of Financial Planners.The securities issued under the Private Placement are not registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons without registration or applicable exemptions. This news release does not constitute an offer to sell or solicitation of an offer to buy securities in the United States or any jurisdiction where such offer, solicitation, or sale would be unlawful. Aether Global Innovations Corp. is a UAV drone management and operations services company specializing in three areas for critical infrastructure and large public and private facilities: drone management and surveillance monitoring, automation and integration for flight planning, sensor payloads, and power sources, and drone base station infrastructure and technology for autonomous operations
Aether Global Innovations Corp Private Placement Drone Management Leadership Changes Michael Volpe Rick Unrau
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