Aether Announces Private Placement and Leadership Updates

(TheNewswire)

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.

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