|Aerocast Closes $360,000 Financing|
August 2, 2011: Aerocast Inc. (CNSX: A; Frankfurt Stock Exchange: 0AE; www.aerocastinc.com) is pleased to announce that further to the company’s news release dated March 7, 2011, the company has closed the first portion of a private placement financing whereby a total of 1,806,518 units were issued at $0.20 per unit for gross proceeds totaling $361,303. 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 34,500 cash.
For more information, contact:
Raynard von Hahn, LLB
Chief Executive Officer
Tel. (480) 830-0848 ext. 108
E-mail: raynard.vonhahn @ aerocastinc.com,
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.
Not for Distribution in the United States or to U.S. Persons.
Neither the Canadian National Stock Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.