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AIS Resources Expands Previously Published Private Placement Loans, Canadian Business Journal

Vancouver, British Columbia, April 5, 2022 (GLOBE NEWSWIRE) — AIS Resources Limited (TSX: AIS, OTCQB: AISSF) (“Company” or “AIS”), previously announced on demand, non-announced Mediation private placement for total revenue of up to 14,500,000 units, price of $ 0.035 per unit for total revenue of $ 507,500 (“Private placement“). Revenues will be used for general working capital and exploration of our gold projects in Australia. We will use up to 8% cash and 8% finder warrants for some of our placements. You may pay a finder fee.

Each unit consists of one common stock and one transferable stock purchase warrant. Each warrant gives its holders the right to purchase an additional share of common stock at a price of $ 0.05 per share of common stock for 12 months from the end of the offer.

The closure of private placements is subject to approval by the TSX Venture Exchange. All securities issued in connection with a private placement are subject to a four-month holding period from the closing date under applicable Canadian securities law.

Certain directors and officers may participate in private placements. Such participation is considered a related party transaction in the sense of Multilateral Instrument 61-101 –. Protection of minority securities holders in special transactions (“”MI 61-101“). Transactions of related parties are exempt from minority approval, information circulation and formal evaluation requirements in accordance with the exemptions contained in sections 5.5 (a) and 5.7 (1) (a) of MI 61-101. Consideration paid by total securities or insiders issued under a private placement exceeds 25% of our market capitalization. Significant change reports are on the closing date of the transaction being considered in this news release 21. It will be submitted within a day. We believe that this short period of time is reasonable and may be necessary in some circumstances.

Private placement securities have not been and will no longer be registered under the US Securities Act of 1933 (the “1933 Act”) or the State Securities Act. Also, register or register directly or indirectly, within the United States, to Americans, or for an account or benefit of an American (as defined in Regulation S of the Securities Act of 1933). Delivered if there is no applicable exemption from the requirements. This news release does not constitute an offer or solicitation to buy such securities in the United States.

About AIS Resource Limited
AIS Resources Limited is a listed investment company listed on the TSX Venture Exchange, focusing on the exploration of precious and base metals. AIS’s value-added strategy is to increase the value of mineral resources by better defining them with the aim of acquiring future exploration projects, attracting joint venture partners and increasing the value of the portfolio. We are managed by a team of experienced geologists and investment bankers and have a proven track record of success in the capital markets.

AIS owns 100% of the 28 sq km Fosterville-Tour Lean Gold Project, located 9.9 km from the Fosterville Gold Mine on Lake Kirkland, and of the 57 sq km Bright Gold Project (including the right to acquire 100%). It owns a 60% stake and a 60% stake. A 100% stake in the 58 sq km New South Wales Jargogling Gold Project (with the right to acquire 100%) and the 167 sq km Kingston Gold Project in Victoria, Australia, near Stawell and Navarra.

AIS has the option of acquiring three lithium licenses in Argentine Positos and Kaucharisalal, as well as a 20% joint venture with Spey Resources Corp. in Argentine Inkawasi and Positos Salal Lithium Brine. I have.

On behalf of the board of directors
AIS Resource Co., Ltd.

Philip Thomas, President and Chief Executive Officer

Corporate contacts
For more information, please contact:
Philip Thomas, CEO
T: + 1-323 5155 164
E: pthomas@aisresources.com

or
Martin Element Chairman
T: + 1-604-220-6266
E: melement@aisresources.com
Website: www.aisresources.com

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

Advisory: This press release contains forward-looking statements. We believe that the expectations reflected in these forward-looking statements are reasonable, but we cannot provide any guarantee that they are correct and should be overly relied upon. There is none. Forward-looking statements, by their very nature, carry inherent risks and uncertainties as they correspond to future events and circumstances. Forward-looking statements contained in this press release are current as of the date of this document and we make publicly forward-looking statements or information unless they are the result of new information, future events, etc. We do not undertake any obligation to update or revise. Mandated by applicable securities law. Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release...


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AIS Resources Expands Previously Published Private Placement Loans, Canadian Business Journal

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