A.I.S. Resources Announces Financing Increase to up to $1,299,900
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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A.I.S. Resources Announces Financing Increase to up to $1,299,900
Vancouver, British Columbia – November 24, 2020 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF)
(the “Company” or “AIS”) announces that due to significant investor demand it has increased its previously
announced financing (see news release of November 17, 2020) from up to $700,000 to up to $1,299,900.
The non-brokered private placement will increase to up to 18,570,000 units (" Units") at a price of $0.07
per unit for gross proceeds of up to $1,299,900 (the "Private Placement"). The proceeds will be used for
acquisition and exploration costs and 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 on a portion of the placement.
Closing of the Private Placement is subject to acceptance by the TSX Venture Exchange. All securities
issued in connection with the Private Placement will be subject to a four-month hold period from the
closing date under applicable Canadian securities laws.
Certain directors and officers are expected to participate in the Private Placement. Such participation is
considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection
of Minority Security Holders in Special Transactions ("MI 61-101"). The related party transaction will be
exempt from minority approval, information circular and formal valuation requirements pursuant to the
exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the
gross securities to be issued under the Private Placement nor the consideration to be paid by the insiders
will exceed 25% of the Company's market capitalization. A material change report will be filed less than
21 days before the closing date of the transactions contemplated by this news release. The Company
believes this shorter period is reasonable and necessary in the circumstances.
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 Limited
A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focused
on precious and base metals exploration. AIS’s value add strategy is to acquire prospective exploration
projects and enhance their value by better defining the mineral resource with a view to attracting joint
venture partners and enhancing the value of its portfolio. The Company is managed by a team of
experienced mining and geological professionals, with a track-record of successful capital markets
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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achievements. In November 2020, AIS acquired the NSW Yalgogrin Gold Project JV, the Fosterville-
Toolleen Gold Project and the Kingston Gold Project in Victoria Australia.
Phillip Thomas
CEO
A.I.S. Resources ltd.
For further information, please contact:
Phillip Thomas, Chief Executive Officer, AIS Resources Ltd.
Tel: +1-747 2009412
Email: [email protected]
Or
Martyn Element, Executive Chairman
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.