AIS Resources closes $185,780 private placement

Sep 19, 2019

2019-09-19 14:18 ET – News Release

Mr. Phillip Thomas reports

A.I.S. RESOURCES CLOSES FINANCING

AIS Resources Ltd. has completed the sale of 2,322,250 units at eight cents per unit for gross proceeds of $185,780. The proceeds will be used for general working capital purposes.

Each unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of 12 cents per common share provided that if the closing price of the common shares of the company on any stock exchange or quotation system on which the common shares are then listed or quoted is equal to or greater than 15 cents for a period of 15 consecutive trading days, the company will have the right to accelerate the expiry of the warrants to a date that is not less than 10 business days from the date notice is given. The company will pay no finders fees in relation to the private placement. The common shares issued pursuant to the private placement and the exercise of the warrants will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws. Closing is subject to final acceptance by the TSX Venture Exchange.

About AIS Resources Ltd.

AIS is managed by experienced, highly qualified professionals who have a long record of success in lithium and manganese trading, exploration, production and capital markets.

We seek Safe Harbor.

https://aisresources.com/