VANCOUVER, BRITISH COLUMBIA – June 7, 2019: ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Harold (Roy) Shipes, President and CEO, is pleased to announce that further to the Company’s news releases dated April 10, 2019 and February 25, 2019, the Company has completed a partial closing of its non-brokered private placement financing by issuing 640,000 units (the “Units”) of the Company, at a price of $0.05 per Unit, for gross proceeds of $32,000. Each Unit comprised one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of $0.06 per share for a period of three years from closing.
All securities issued have a hold period of four months plus a day from the date of issuance. Proceeds will be used for working capital, exploration and development activities and asset acquisitions. The remaining portion of the financing remains subject to final acceptance of the TSX Venture Exchange.
ON BEHALF OF THE BOARD,
Harold Shipes, Chairman & CEO