A.i.s. Resources Closes $710,000 Financing .
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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A.I.S. RESOURCES CLOSES $710,000 FINANCING
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Vancouver, British Columbia – February 26, 2019 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB:
AISSF) (the “Company” or “AIS”) is pleased to announce that it has completed the sale of
12,622,222 units ("Units") at $0.05625 per unit for gross proceeds of $710,000, (the "Private
Placement"). The proceeds will be used for exploration on the Guayatayoc property and 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 $0.12 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 $0.20 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 will pay finders fees totaling $600 and issue 8,000 finders
warrants. The Common Shares issued pursuant to the Private Placement and the exercise of the
Warrants will be subject to a hold period of four months and one day from the closing date of the
Private Placement, in accordance with applicable Canadian securities laws. Closing is subject to
final acceptance by the TSX Venture Exchange.
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.
On Behalf of the Board of Directors, A.I.S. Resources Limited
Phillip Thomas
President and CEO
Contact
Phillip Thomas - President and CEO
Website: www.aisresources.com
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Martyn Element
Chairman
T: 604 687-6820
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.