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VANCOUVER, BRITISH COLUMBIA / TheNewswire / AUGUST 25, 2016) - A.I.S. RESOURCES LIMITED. (TSX - NEX:
AIS.H) (the "Company" or “AIS”) is pleased to announce that it intends to complete a non-brokered private placement of
1,333,333 units ("Units") at a price of $0.15 per unit for gross
proceeds of $200,000 (the "Private Placement"). Each Unit will
be comprised of one common share ("Common Share") of the Company and
one half Common Share purchase warrant ("Warrant"), with each whole
Warrant entitling the holder thereof to acquire one Common Share at a price of $0.25 for a period of one year from the date of
closing of the placement 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 Cdn $0.35 for a
period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants by giving
notice to the holders of the warrants that the warrants will expire at 4:30 p.m. (Vancouver time) on a date that is not less than
ten (10) business days from the date notice is given. The Company will pay up to 10% finders
fees.
The net proceeds of the Private Placement will be used to for general working capital purposes.
ABOUT AIS
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.
CONTACT
Marc Enright-Morin
President and Chief Executive Officer
(778) 892-5455
memorin@aisresources.com
“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 Company believes that the expectations reflected in these forward-looking statements are reasonable, undue
reliance should not be placed on them because the Company 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 Company might change if the board of directors of
the Company determines that it would be in the best interests of the Company 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 Company 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.
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