Aether Global Innovations Corp.: announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

14 Mar 2024capital raising announcement● NeutralMajor

Aether Global announced a planned private placement of up to 10,000,000 units at $0.05 CAD for up to $500,000 CAD. Each unit has one share and one warrant to buy another share at $0.10 CAD for three years, and the money is for working capital and business development. This is only an announcement of the offering; if completed it would dilute current shareholders. The price is lower than the $0.06 units sold in July 2023.

What it means for a shareholder

10.0m new shares at $0.050 to raise about $500,000. That's 8.7% dilution: every existing holder's slice gets 8.7% smaller. If you held $1,000 of shares (20,000 at the issue price), your slice goes from 0.019% to 0.0173% of the company. To keep it you'd need 1,896 more shares - about $95 at the issue price.

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25 July 2023capital raising announcement● NeutralMajor

The company closed the first part of a private placement, selling 9,907,000 units at $0.06 each for gross proceeds of $594,420. Each unit has one share and one warrant to buy another share at $0.10 for five years. Finders received $59,442 in fees and 990,700 warrants on the same terms, and the money is meant for working capital and business development. This adds new shares and warrants, so existing shareholders are diluted.

What it means for a shareholder

9.9m new shares at $0.060 to raise about $594,420. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held $1,000 of shares (16,667 at the issue price), your slice goes from 0.0281% to 0.0241% of the company. To keep it you'd need 2,784 more shares - about $167 at the issue price.

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