Vancouver, British Columbia – August 27, 2018 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that the Company has amended the exercise price of certain options as follows:
Effective August 23, 2018 AIS has increased the exercise price of 1,000,000 options expiring August 17, 2023 from $0.13 to $0.20.
Effective August 23, 2018 AIS has amended the exercise price of 1,240,000 options expiring November 24, 2022 and held by certain consultants of the Company from $0.91 to $0.20.
Phillip Thomas CEO stated, ”We are pleased to announce this amendment as we feel it will better align employees’ and consultants’ option incentives with the Company’s, immediate, short and long term objectives.”
About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX 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 networks, 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 current activities are focused exclusively on the exploration and development of lithium brine projects in northern Argentina. It is currently exploring the Guayatayoc and Salinas Grandes salars
On Behalf of the Board of Directors,
AIS Resources Ltd.
Martyn Element, Chairman
President & CEO
T: 011 61 3 9943 2374
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.