Vancouver, British Columbia – February 23, 2014 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce that effective immediately it has appointed Mr. Martyn Element to its Board of Directors (the “Board”). Mr. Element’s appointment to the Board will fill the vacancy created by the concurrent resignation of Ms. Vanessa Rennie. The Corporation also announces that effective immediately Mr. William H. Smith has resigned as the President and Chief Executive Officer of the Corporation and Mr. Element has been appointed as the President and Chief Executive Officer of the Corporation to fill such vacancy. Mr. Smith will continue to act as a director of the Corporation.
Mr. Element, founder and President of Element and Associates, which he formed in 1989, has experience in sourcing and pursuing new business ventures globally and has attained a proven track record of securing financing for these opportunities. Mr. Element’s network has been cultivated extensively while in his position at Element and Associates where he has developed strong working relationships with specialized funds from around the world, as well as high net worth individuals for private and public equity 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 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.
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.