A.i.s. Resources Announces Private Placment Financing
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C1H2 Canada
www.aisresources.com
A.I.S. RESOURCES ANNOUNCES PRIVATE PLACMENT FINANCING
Vancouver, British Columbia April 5, 2022 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company”
or “AIS”) announces a non-brokered private placement of up to 11,500,000 Units at a price of $0.035 per Unit
for gross proceeds of $402,500 (the "Private Placement"). The proceeds will be used for general working capital
and exploration of the Company’s gold projects in Australia. The Company may pay finders fees of up to 8%
cash and 8% finders warrants on a portion of the placement.
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 $0.05 per common share.
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 may participate in the Private Placement. Such participation is considered a
related party transaction within the meaning of Multilateral Instrument 61-101 – P rotection 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’ 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 our portfolio. The Company is managed by a team of experienced geologists and
investment bankers, with a track-record of successful capital markets achievements.
AIS owns 100% of the 28 sq km Fosterville-Toolleen Gold Project located 9.9km from Kirkland Lake’s Fosterville
gold mine, a 60% interest in the 57sq km Bright Gold Project (with the right to acquire 100%), a 60% interest in
the 58 sq km New South Wales Yalgogrin Gold Project (with the right to acquire 100%), and 100% interest in
the 167 sq km Kingston Gold Project in Victoria Australia near Stawell and Navarre. It also has 20% joint venture
interests with Spey Resources Corp. in lithium brines in Argentina at the Incahuasi and Pocitos Salars.
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A.I.S. Resources Limited
On Behalf of the Board of Directors,
A.I.S. Resources Ltd.
Phillip Thomas, President & CEO
Corporate Contact
For further information, please contact:
Phillip Thomas, Chief Executive Officer
T: +1-323 5155 164
Or
Martyn Element.Chairman
T: +1-604-220-6266
Website:www.aisresources.com
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.
ADVISORY: This press release contains forward-looking statements. 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 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.