Aether Announces Private Placement and Leadership Updates

Aether Announces Private Placement and Leadership Updates

(TheNewswire)

Aether Global Innovations Corp.

Vancouver, British Columbia TheNewswire - February 10, 2025 - Aether Global Innovations Corp. (CSE: AETH) (OTC: AETHF) (Frankfurt: 4XA WKN# A2N8RH) (" Aether " or the " Company ") is pleased to announce that it intends to undertake a non-brokered private placement (the " Private Placement ") of up to 16,666,667 units (each, a " Unit ") at a price of $0.03 per Unit, for gross proceeds of up to $500,000.

Each Unit will be composed of one (1) common share of the Company (a " Common Share ") and one-half of one (1/2) Common Share purchase warrant (each whole warrant, a " Warrant "), with each Warrant entitling the holder thereof 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 raised from the Private Placement for general working capital and towards investments in Xentera Technologies Inc., as discussed in more detail in the Company's news release dated November 6, 2024. Completion of the Private Placement is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the Canadian Securities Exchange. Securities issued through the Private Placement will be subject to customary restrictions on resale for four months and a day from the date of closing.

Leadership Updates

Aether also announces the engagement of Rick Unrau as a strategic advisor to the Company. Mr. Unrau has more than 30 years of senior management experience in the high-growth telecommunications, technology and financial services sectors. Mr. Unrau is recognized as an innovative problem solver, with expertise developing and implementing processes, systems and controls to meet corporate objectives.

Aether also announces the appointment of Peter Volpe to the Company's board of directors (the " Board ") and as chairman of the Board. Mr. Volpe will be taking over for Doug Smith as chairman, and Mr. Smith will remain on the Board. Mr. Volpe has more than 25 years of experience in financial planning and money management, most recently with a Canadian bank. Mr. Volpe has particular expertise in investments focusing on emerging small cap technology companies and he has acted as a director for several companies in the technology sector. Mr. Volpe currently serves as the chairman of the Canadian Institute of Financial Planners.

The securities to be issued pursuant to the Private Placement have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About Aether

Aether Global Innovations Corp. (AETH) is an innovative UAV drone management and operations services company that focuses on three areas for critical infrastructure and large public and private facilities: (i) drone management and surveillance monitoring; (ii) automation and integration for flight planning, new, innovative sensor payloads and stand-alone power sources; and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging, and take-off.

For more information, please consult the Company's filings, available at www.sedarplus.ca , and the Company's website, www.aethergic.com .

ON BEHALF OF THE BOARD OF DIRECTORS

Philip Lancaster, President and CEO

Aether Global Innovations Corp.

(250) 863-3038

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company, including statements respecting (i) the Private Placement and (ii) the expected use of proceeds from the Private Placement. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

AETH:CC
The Conversation (0)
Aether Global Innovations (CSE:AETH)

Aether Global Innovations

Keep reading...Show less

Revolutionizing Drone Management, Monitoring and Surveillance Services for Industrial and Critical Infrastructure Operators

Aether Global Announces the Resignation of Director and Appointment of Interim Chief Financial Officer

Aether Global Announces the Resignation of Director and Appointment of Interim Chief Financial Officer

(TheNewswire)

Aether Global Innovations Corp.

Vancouver, B.C. September 9, 2024 TheNewswire Aether Global Innovations Corp. ( CSE: AETH ) ( OTCQB: AETHF ) ( Frankfurt: 4XA WKN# A2N8RH) (" Aether Global" " AETH ", or the " Company "), a drone management and automation company announced today the resignation of Zara Kanji from her role as independent Board Director and the appointment of Nancy Boufeas as Interim Chief Financial Officer.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Aether Global Innovations Corp. Signs Letter of Intent  with Private British Columbia Tech Investment Company

Aether Global Innovations Corp. Signs Letter of Intent with Private British Columbia Tech Investment Company

(TheNewswire)

Aether Global Innovations Corp.

Vancouver, B.C. August 27, 2024 TheNewswire Aether Global Innovations Corp. (CSE: AETH) (OTC: AETHF) (Frankfurt: 4XA WKN# A2N8RH) ("Aether Global", "AGI", or the "Company"), a drone management and automation company, today announced the Company has signed a letter of intent (LOI) to acquire 1401068 BC Ltd. ("PrivCo") in an all-share deal (the "Transaction"). PrivCo is in the business of investing in early-stage technology ventures in both Canada and the United States, and is currently completing an earn-in arrangement with an early stage drone development company which AGI feels will be an accretive addition to its current business development efforts.  As part of the Transaction, PrivCo intends to advance $50,000 to AGI as a secured working capital loan at market interest rates, forgivable on completion of the Transaction. The LOI is non-binding until finalized, and both the Transaction and Bridge Loan are subject to a number of customary closing conditions, including execution of definitive documentation.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Aether Global Innovations Corp. Announces Resignation of its Chief Financial Officer

Aether Global Innovations Corp. Announces Resignation of its Chief Financial Officer

(TheNewswire)

Aether Global Innovations Corp.

Vancouver, B.C. August 9, 2024 Aether Global Innovations Corp. ( CSE: AETH ) ( OTCQB: AETHF ) ( Frankfurt: 4XA WKN# A2N8RH) (" Aether Global" " AETH ", or the " Company "), a drone management and automation company announced today the resignation of its Chief Financial Officer, Miss Karen Mae Parrin.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Aether Global Announces Loan Agreement

Aether Global Announces Loan Agreement

(TheNewswire)

Aether Global Innovations Corp.

Vancouver, B.C. TheNewswire - May 3, 2024 Aether Global Innovations Corp. (CSE:AETH) (OTC:AETHF) (Frankfurt:4XA) (WKN#A2N8RH), a leader in drone management and automation, announces it has entered into a loan agreement (the "Loan Agreement") dated April 30, 2024 with an arm's length lender for the principal amount of $30,000.00 (the "Loan").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Aether Global Provides Update on Management Cease Trade Order

Aether Global Provides Update on Management Cease Trade Order

(TheNewswire)

Aether Global Innovations Corp.

Vancouver, B.C. TheNewswire - April 17, 2024 Aether Global Innovations Corp. (CSE:AETH) (OTC:AETHF) (Frankfurt:4XA) (WKN#A2N8RH), a leader in drone management and automation, is providing this update on the status of a management cease trade order (the "MCTO") granted on April 3, 2024 by the British Columbia Securities Commission under National Policy 12-203 - Management Cease Trade Order ("NP 12-203").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Syntheia Announces Private Placement

Syntheia Announces Private Placement

Syntheia Corp. (CSE: SYAI) (Syntheia.ai) (the "Company"), is pleased to announce that it intends to complete a non-brokered private placement financing for gross proceeds of up to $500,000 through the issuance of up to 5,000,000 units (each, a "Unit") at a price of $0.10 per Unit (the "Offering").

Each Unit will be comprised of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant is exercisable to acquire one Common Share at a price of $0.13 until the date that is two years from the closing of the Offering (the "Expiry Date"), subject to an accelerated expiry in the event the volume weighted average trading price of the Common Shares exceeds $0.13 for 20 consecutive trading days, the Company may, within 10 business days of the occurrence of such event, deliver a notice to the holders of the Warrants accelerating their Expiry Date to a date that is not less than 30 days following the date of such notice and the issuance of a press release by the Company announcing the acceleration notice (the "Accelerated Exercise Period"). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Spearmint Proposes Share Consolidation

Spearmint Proposes Share Consolidation

Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") announces that it intends to complete a consolidation of its issued and outstanding common shares (the "Shares") on the basis of one new Share (a "Post-consolidated Share") for every ten currently outstanding Shares (the "Consolidation"). The Company also announces it intends to change its name and its trading symbol in connection with the proposed Consolidation.

Completion of the Consolidation, name change and symbol change are subject to approval by the Canadian Securities Exchange (the "CSE"). The effective date of the Consolidation, name change and symbol change will be announced in a subsequent news release.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Syntheia Signs Non-Binding LOI for Call Center Acquisition

Syntheia Signs Non-Binding LOI for Call Center Acquisition

Syntheia Corp. (CSE :SYAI) ("Syntheia" or the "Company") (Syntheia.ai), a leading provider of conversational AI solutions for inbound telephone call management, is pleased to announce that it has entered into a non-binding letter of intent dated May 6, 2025 (the "LOI"), to acquire Beyond The Call Inc. ("BTC"), an arm's length party, and certain of its assets, a call Center in Ontario (the "Proposed Transaction").

Traditional call centers are inefficient legacy businesses with high staff turnover (~ 70%) that have challenges maintaining consistent service quality, maintaining high call volumes, increasing cost of labour along with shortage of qualified labour.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Aether Global Announces Share Consolidation

Aether Global Announces Share Consolidation

(TheNewswire)

Aether Global Innovations Corp.

Vancouver, B.C. TheNewswire - May 16, 2025 Aether Global Innovations Corp. (CSE: AETH) (OTC: AETHF) (Frankfurt: 4XA) (WKN# A2N8RH), a leader in drone management and automation, announces that the Company intends to consolidate its common shares (the " Shares ") on a ten (10) for one (1) basis (the " Consolidation ").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Skyscrapers with logos of Apple, Amazon, Microsoft; "Tech 5" text overlay.

Tech 5: Earnings Season Continues as Meta, Microsoft, Apple and Amazon Report

This week was packed with significant developments across the tech and finance sectors.

Mixed earnings reports from four of the Magnificent Seven revealed the impact tariffs could have on future operations, while Mastercard (NYSE:MA) and Visa (NYSE:V) announced new artificial intelligence (AI) payment initiatives.

Meanwhile, Google (NASDAQ:GOOGL) faced antitrust challenges in court as NVIDIA (NASDAQ:NVDA) navigated changing AI chip export regulations.

Keep reading...Show less

Latest Press Releases

Related News

×