A.i.s. Resources Increases Financing Offering from $3.0 Million to $4.0 Million
Since 1967
TSX-V: AIS.H A.I.S. Resources Limited
A.I.S. RESOURCES INCREASES FINANCING OFFERING FROM $3.0 MILLION TO
$4.0 MILLION
Vancouver, British Columbia – October 18, 2017 – A.I.S. Resources Limited (TSX – NEX:
AIS.H, OTCQB:AISSF) (the “Company” or “AIS”) is pleased to announce that further to its
October 11, 2017 news release, the Company intends to increase its private placement from $3.0
million to up to $4.0 million.
Each unit will consist 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 $0.30 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 $0.45 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 of up to 7% of gross proceeds and finders warrants of up to
7% of units issued.
The private placement is subject to regulatory approval, and the common shares, together with the
shares issued on the exercise of the warrants, will be restricted from trading for a period of four
months and a day from the date of issuance of the units, in compliance with securities legislation
and TSX Venture Exchange policies.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
About A.I.S. Resources
A.I.S Resources Limited 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 network, they identify and develop early stage projects worldwide that have strong
potential for growth with the objective of providing significant returns for shareholders. The
Company’s most recent activities have been the exploration of lithium properties in Northern
Argentina.
Contact
Since 1967
TSX-V: AIS.H A.I.S. Resources Limited
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
W: www.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.