Altair Nanotechnologies Completes Private Placement

October 14, 2002 by Jeff Shepard

Altair Nanotechnologies Inc. (Reno, NV) announced that it has completed a $200,000 equity placement with associates of the corporation, including large shareholders and immediate family members of officers and directors. Investors purchased units from the company for $0.75 per unit. Each unit contains one share of the company's common stock and two warrants.

"We view these small but ongoing investments as a confirmation of our business strategy, the potential of our target markets and, just as important, the strength of our seasoned and highly experienced management team," commented Altair CEO William Long. "We are continuing to participate in small private placements until the markets provide more favorable conditions."