A.I.S. Resources Completes Private Placement
Vancouver, British Columbia – June 2, 2016 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) announced the TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement for AIS Resources Ltd. announced Jan. 7, 2015, and June 15, 2015:
- Number of shares: 4,915,500 shares
- Purchase price: 10 cents per share
- Warrants: 5,315,500 share purchase warrants to purchase 5,315,500 shares
- Warrant exercise price: 14 cents for a two-year period
- Placees: 18
- Insider: Martyn Element 590,000 shares
- Pro group involvement: 100,000 (one placee)
Finders’ fees: PI Financial will receive a finder’s fee of $616 and 6,160 broker’s warrants that are exercisable into common shares at 14 cents per share for a two-year period. Raymond James will receive a finder’s fee of $700 and 7,000 broker’s warrants that are exercisable into common shares at 14 cents per share for a two-year period.
About A.I.S. Resources
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is managed by seasoned professionals who have a long track record of success in the capital markets. Through their extensive business network, they identify and develop early stage projects worldwide that have strong potential for growth with the objective of providing returns for shareholders.
A.I.S. Resources Limited
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.