VANCOUVER, British Columbia, April 12, 2019 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V
– AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce a non-brokered private placement of up to 700,000 units
("Units") at a price of $0.05 per unit for gross proceeds of $350,000. (the "Private Placement").
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 $0.10 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 $0.15 for a period of fifteen
(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 ten (10) business days from the date notice is given. The Company may pay finders fees of up to 8% cash and 8% finders
warrants.
The Private Placement is subject to acceptance by the TSX Venture Exchange.
The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933,
as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or
delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933
Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an
offer to sell or a solicitation to buy such securities in the United States.
About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V 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 projects worldwide that have strong potential for growth with
the objective of providing significant returns for shareholders. The Company’s current activities are focused on the exploration
and development of lithium brine projects in northern Argentina and a manganese project in Peru.
On Behalf of the Board of Directors, A.I.S. Resources Limited
Phillip Thomas
President and CEO
Contact
Phillip Thomas - President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com
Martyn Element
Chairman
T: 604 687-6820
E: melement@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 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.