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03.12.2010
AEROCAST CLOSES $1.1 MILLION FINANCING; ANNOUNCES $398,343 SECOND QUARTER REVENUES
AEROCAST CLOSES $1.1 MILLION FINANCING; ANNOUNCES $398,343 SECOND QUARTER REVENUES
December 2, 2010: Aerocast Inc. (CNSX: A; Frankfurt Stock Exchange: 0AE; (www.aerocastinc.com) is pleased to announce that further to the company’s news release dated May 17, 2010, the company has closed a private placement financing whereby a total of 5,614,954 units were issued at $0.20 per unit for gross proceeds totaling $1,122,990. Each unit consists of one common share and one common share purchase warrant exercisable at $0.20 per share for a two year period. In connection with this financing, the Company paid finder’s fees totaling $US 124,500 cash.
The company also announces that it has SEDAR filed its unaudited financial statements and related management’s discussion and analysis for the interim period ended June 30, 2010, which state that the company’s revenues for the three month period ended September 30, 2010 totalled $398,343, up 6% from revenues of $375,514 for the three months ended June 30, 2010.
About Aerocast Inc.
Aerocast operates a high-growth sand-casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Customers include Honeywell Aerospace, Hamilton Sundstrand, Sikorsky Aircraft and Shimadzu Precision Instruments. Aerocast is experiencing high demand for its products and has limited competition.
For more information, contact:
Raynard von Hahn, LLB
Chief Executive Officer
Tel. (480) 830-0848 ext. 108
E-mail: raynard.vonhahn @ aerocastinc.com,
Website: www.aerocastinc.com.
Neither the Canadian National Stock Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.
Not for Distribution in the United States or to U.S. Persons.
If you would like to receive regular updates on Aerocast please send your email request to info@aerocastinc.com. To be removed from this distribution list, send an e-mail to IR @ aerocastinc.com with the word ‘Remove’ in the Subject line.
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December 2, 2010: Aerocast Inc. (CNSX: A; Frankfurt Stock Exchange: 0AE; (www.aerocastinc.com) is pleased to announce that further to the company’s news release dated May 17, 2010, the company has closed a private placement financing whereby a total of 5,614,954 units were issued at $0.20 per unit for gross proceeds totaling $1,122,990. Each unit consists of one common share and one common share purchase warrant exercisable at $0.20 per share for a two year period. In connection with this financing, the Company paid finder’s fees totaling $US 124,500 cash.
The company also announces that it has SEDAR filed its unaudited financial statements and related management’s discussion and analysis for the interim period ended June 30, 2010, which state that the company’s revenues for the three month period ended September 30, 2010 totalled $398,343, up 6% from revenues of $375,514 for the three months ended June 30, 2010.
About Aerocast Inc.
Aerocast operates a high-growth sand-casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Customers include Honeywell Aerospace, Hamilton Sundstrand, Sikorsky Aircraft and Shimadzu Precision Instruments. Aerocast is experiencing high demand for its products and has limited competition.
For more information, contact:
Raynard von Hahn, LLB
Chief Executive Officer
Tel. (480) 830-0848 ext. 108
E-mail: raynard.vonhahn @ aerocastinc.com,
Website: www.aerocastinc.com.
Neither the Canadian National Stock Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.
Not for Distribution in the United States or to U.S. Persons.
If you would like to receive regular updates on Aerocast please send your email request to info@aerocastinc.com. To be removed from this distribution list, send an e-mail to IR @ aerocastinc.com with the word ‘Remove’ in the Subject line.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0077311029">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0077311029</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.