| Aerocast Closes $1.1 Million Financing, Announces $398,343 Second Quarter Revenues |
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December 2, 2010: Aerocast Inc. (CNSX: A; Frankfurt Stock Exchange: 0AE; (www.aerocastinc.com) is pleased to announce that further to the company’s news release dated May 17, 2010, the company has closed a private placement financing whereby a total of 5,614,954 units were issued at $0.20 per unit for gross proceeds totaling $1,122,990. Each unit consists of one common share and one common share purchase warrant exercisable at $0.20 per share for a two year period. In connection with this financing, the Company paid finder’s fees totaling $US 124,500 cash. The company also announces that it has SEDAR filed its unaudited financial statements and related management’s discussion and analysis for the interim period ended June 30, 2010, which state that the company’s revenues for the three month period ended September 30, 2010 totalled $398,343, up 6% from revenues of $375,514 for the three months ended June 30, 2010.
About Aerocast Inc. Aerocast operates a high-growth sand-casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Customers include Honeywell Aerospace, Hamilton Sundstrand, Sikorsky Aircraft and Shimadzu Precision Instruments. Aerocast is experiencing high demand for its products and has limited competition. For more information, contact: Raynard von Hahn, LLB Chief Executive Officer Tel. (480) 830-0848 ext. 108 E-mail:
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