INVESTORS PUT $1 MILLION INTO ALTAIR

May 9, 2002 — Altair Nanotechnologies Inc. announced that it has completed a $1 million equity placement with two undisclosed accredited institutional investors.

Under the agreement, the Reno, Nev.-based Altair will issue units that contain one share of common stock and one quarter of a warrant. The price and expiration date of the warrants, each redeemable for a single share of common stock, were not disclosed. Altair said further details will be in filings with the Securities and Exchange Commission on Friday.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.