AireSurf Networks Holdings Inc.

AireSurf Networks Holdings Inc.

March 05, 2007 15:27 ET

Airesurf Closes Private Placement

TORONTO, ONTARIO--(CCNMatthews - March 5, 2007) - Airesurf Networks Holdings Inc. (the "Company") (CNQ:AIRE) announces that further to its press release dated February 8, 2007, regarding a proposed private placement of up to $40,000 of convertible promissory notes of the Company, it has completed $45,000 of said notes. Each note bears interest at prime plus 2% and matures in one year. Each $0.05 of principal owing under the notes may be converted into one Common Share of the Company.

Completion of the private placement is subject to regulatory approval, including satisfaction of the requirements of the CNQ.

Shares Outstanding: 31,842,979

Contact Information

  • Airesurf Networks Holdings Inc.
    Mr. Paul Brent
    (416) 368-9411
    (416) 861-0749 (FAX)