- Aether (ATHR) subsidiary Cap Clean Energy Corp. has announced a non-brokered private placement for proceeds of up to $1,000,000
- The company will issue up to 4,000,000 units priced at $0.25 per unit
- Proceeds will be used to acquire mineral pore space and technology licenses for the development of net zero energy projects
- Cap Clean Energy, a subsidiary of Aether Catalyst Inc., is focused on the development and ownership of utility scale zero emission dispatchable power generation
- Aether Catalyst Solutions, Inc., a clean-air tech company, is focused on catalyst development for the transportation and small motors industries
- Aether Catalyst Solutions Inc. (ATHR) opened trading at C$0.125
Aether (ATHR) subsidiary Cap Clean Energy Corp. has announced a non-brokered private placement for proceeds of up to $1,000,000.
The company will issue up to 4,000,000 units priced at $0.25 per unit. Each unit will consist of one Cap Clean common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share exercisable at $0.325 per warrant share.
Cap Clean intends to use the proceeds of the offering to acquire mineral pore space and technology licenses for the development of net zero energy projects.
Steve Polvi, CEO of Cap Clean Energy commented on the news.
“We are excited to advance our strategy of creating shareholder value through the development of a portfolio of high-quality, low carbon energy projects. Strong energy fundamentals combined with an accelerating energy transition offer both short and long-term growth opportunities.”
Paul Woodward, President & CEO of Aether Catalyst Solutions, Inc. added,
“The Cap Clean team have identified projects and technologies and are now ready to raise capital to execute on their development. Aether is delighted with the pace with which they’ve moved and the scope of their plans.”
Cap Clean Energy, a subsidiary of Aether Catalyst Inc., is focused on developing and owning utility-scale zero-emission dispatchable power generation with Carbon Capture & Storage (CCS) hubs in Canada and worldwide.
Aether Catalyst Solutions, Inc., a clean-air tech company, is focused on catalyst development for the transportation and small motors industries. Aether formed subsidiary Cap Clean Energy to explore other applications in clean-air technology.
Aether Catalyst Solutions Inc. (ATHR) opened trading at C$0.125.