Altair Announces Non-Brokered Private Placement to Raise $500,000
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ALTAIR ANNOUNCES NON-BROKERED PRIVATE PLACEMENT TO RAISE $500,000
VANCOUVER, BRITISH COLUMBIA – SEPTEMBER 21, 2016: ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. John Huguet, Chairman of the Board, announces that the Company has arranged a non-brokered private placement of up to 2,500,000 units (the “Units”), at a price of $0.20 per Unit, to raise gross proceeds of up to $500,000. Each Unit comprises one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of $0.25 per share for a period of three years from closing. There will be finder’s fees payable in shares and warrants on a portion of the private placement. Net proceeds will be used to fund expenditures for the Company’s resource property in Kosovo and for working capital. Insiders may participate in the financing. All securities issued will be subject to a hold period of four months plus a day from the date of closing. The financing is subject to the approval of the TSX Venture Exchange.
To learn more about Altair, please visit http://altairresources.com.
ON BEHALF OF THE BOARD,
“John Huguet”
John Huguet, FCPA, FCMA Chairman and Independent Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.