American Aires Inc.: American Aires Enters into Investor Relations Agreements
Company or
Aires ) is pleased to announce that it has entered into an agreement for electronic media and webcast services, design, development and dissemination services (the
EMC Agreement ) with Emerging Markets Consulting, LLC (
EMC ) with respect to EMC providing investor relations services to the Company. Effective February 1, 2021, the EMC Agreement has an initial term of 90 days, wherein the Company will pay EMC a non-refundable fee of $150,000.
EMC is a syndicate of investor relations consultants consisting of stock brokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets. Neither EMC nor any of its principals currently own any securities, directly or indirectly, of the Company, or have any intention to acquire any securities of the Company.
American Aires Inc.: American Aires Receives DTC Eligibility Company or Aires ) has received approval from the Depository Trust Company to make its common shares, traded on the OTCQB under the symbol AAIRF, now eligible for electronic clearing and settlement through DTC s automated processes.
This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers while cutting costs and providing access to a wider network of brokerage firms, enabling the stock to be traded over a wider selection of firms by coming into compliance with their requirements. Obtaining DTC eligibility demonstrates Aires commitment to increasing visibility and accessibility for our shareholders, stated Dimitry Serov, President and CEO. We expect that access to DTC s platform will enhance liquidity and increase trading volume, presenting American Aires to an even broader range of investors in the United States.
American Aires Inc.: American Aires Receives Additional $546,000 from Warrants Exercised
Company or
Aires ) is pleased to announce that, further to the Company s news release of October 7, 2020, the Company has received additional proceeds of $546,000 from the exercise of an additional 3,900,000 warrants. The exercise of these warrants resulted in 3,900,000 common shares being issued, increasing the number of common shares outstanding in the share capital of the Company to 118,620,000. An additional 17.1 million warrants that are in-the-money remain outstanding, which, if exercised, would result in the Company receiving an additional $2.39 million. The proceeds will be used for general working capital purposes.
About American Aires Inc. American Aires Inc. is a nanotechnology company which has developed proprietary silicon-based microprocessors that reduce the harmful effects of electromagnetic radiation (EMR). The technology was developed by a team of highly credited scientist
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