Vancouver, British Columbia – July 18, 2017 – A.I.S. Resources Limited (TSX – NEX: AIS.H, OTCQB: AISSF) (the “Company” or “AIS”) announces that the Company has closed loans with Mosam Ventures Inc. and Kenilworth Estates for amounts of $100,000 and $25,000 respectively. The loans are for the term of one year and bear interest at 8% per annum for the first six months and 16% per annum thereafter. The Company has issued 50,633 bonus shares to Mosam Ventures Inc. and 12,658 bonus shares to Kenilworth Estates representing 20% of the aggregate sum of the loans. Proceeds of the loans will be used for working capital purposes. The Company intends to repay the loans by means of future private placement financings.
About A.I.S. Resources
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific network, they identify and develop early stage projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company’s most recent activities have been the exploration of lithium properties in Northern Argentina.
On Behalf of the Board of Directors,
AIS Resources Ltd.
Marc Enright-Morin, President and CEO
ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.