TORONTO, ONTARIO -- (Marketwired) -- 12/17/13 -- 2204671 Ontario Ltd. ("2204671") today announced that it has acquired ownership of 2,810,000 common shares (the "Common Shares") of AirIQ Inc. ("AirIQ"), representing approximately 13.2% of the total issued and outstanding common shares of AirIQ immediately prior to the transaction. The shares were acquired at a price of $0.05 per share in connection with a non-brokered private placement.
2204671 is controlled by Donald Gibbs, a director, President and Chief Executive Officer of AirIQ. As a result of this transaction Mr. Gibbs now beneficially owns an aggregate of an aggregate of 5,762,500 common shares of AirIQ, including the Common Shares, representing approximately 19.8% of all of the issued and outstanding common shares of AirIQ as at December 17, 2013.
This transaction was made for investment purposes and 2204671 and Mr. Gibbs could increase or decrease their investment in AirIQ depending on market conditions or any other relevant factor.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
2204671 Ontario Ltd.