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Aerocast Offers 8% Convertible Debentures

 

January 6, 2012: Aerocast Inc. (CNSX: A; Frankfurt Stock Exchange: 0AE; www.aerocastinc.comannounces an offering of 8% convertible debentures. The convertible debentures are being offered in denominations of $CDN 800.00 and integral multiples thereof, subject to a minimum subscription of 25 convertible debentures per purchaser. The convertible debentures will bear simple interest from their date of issue at eight percent (8%) per annum. Interest will be payable semiannually, with the first interest payment to be made six months from the date of issue or within 30 days after the date that the convertible debentures are converted into common shares in the capital of the company. The convertible debentures will be convertible at the holder’s option into fully paid and nonassessable common shares of the company at a base conversion price of $CDN 0.16 per share, being a rate of 5,000 Shares for each $800.00 principal amount of convertible debentures. The company shall have the right, on 14 days notice, to repay the principal amount, or any part of the principal amount, by paying a one percent (1%) premium on the principal amount being repaid together with any unpaid accrued interest thereon. The issuance of the convertible debentures shall not restrict the company from incurring additional indebtedness for borrowed money or from mortgaging, pledging or charging its assets to secure any indebtedness.

Proceeds of this financing will be used for general working capital.

For more information, contact:
Bob Jamieson
President
Tel. 602

3091177
E
mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

 

 

About Aerocast Inc.

Aerocast operates a high

growth sand casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Aerocast quality systems have earned ISO 90012008 and AS 9100B 2004 certifications as well as several NADCAP approvals for certain processes. Customers include Honeywell Aerospace, Hamilton Sundstrand, Sikorsky Aircraft and Shimadzu Precision Instruments. Aerocast is experiencing high demand for its products and has limited competition.

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.

Not for Distribution in the United States or to U.S. Persons.

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