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A.I.S. Resources Announces Close Of First Tranche Of Financing And Engagement Of Corporate Finance Consultants
(via TheNewswire) Vancouver, British Columbia / TheNewswire / October 5, 2017 - A.I.S....
About this update from Ais Resources Ltd
[{"type":"text","content":"A.I.S. Resources Announces Close Of First Tranche Of Financing And Engagement Of Corporate Finance Consultants(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / October 5, 2017 - A.I.S. Resources Limited (TSX - NEX: AIS.H, OTCQB:AISSF) (the \"Company\" or \"AIS\") is pleased to announce that it has completed the sale of 5,830,000 units (\"Units\") for gross proceeds of $1,166,000, the first tranche of the non-brokered private placement announced on August 21, 2017 (the \"Private Placement\"). The proceeds will be used for an option payment on the Guayatayoc property and for general working capital purposes.\n\n\n \nEach 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 $0.30 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 totaling $24,570 and issue 122,850 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.\n\n\n \nAIS is also pleased to announce the engagement of Intercedent Limited as the Company's corporate finance advisors.\n\n\n \nIntercedent was formed in 1988 to design and implement international business development. Intercedent's primary focus is in Asia and has offices in Beijing, Hong Kong and Singapore. In particular, Intercedent has provided advisory, investment and capital raising services to a broad range of multinational companies, financial institutions, small and medium manufacturing and technology enterprises and junior resource companies. Intercedent has raised capital for a number of listed resource companies on the TSX Venture Exchange and ASX.\n\n \n \nOn Behalf of the Boar...