Business
A.I.S. Resources Announces Financing And Contract Renegotiation
(via TheNewswire) Vancouver, British Columbia - AUGUST 21, 2017 - A.I.S. Resources Limited...
About this update from Ais Resources Ltd
[{"type":"text","content":"A.I.S. Resources Announces Financing And Contract Renegotiation(via TheNewswire)\n\n \nVancouver, British Columbia - AUGUST 21, 2017 - A.I.S. Resources Limited (TSX - NEX: AIS.H, OTCQB:AISSF) (the \"Company\" or \"AIS\") announces the expiry of its original contract with Ekeko SA. The Company is negotiating with Ekeko for an additional option for a period of twelve months. \n\n\n \nAIS also announces a non-brokered private placement of up to 12.5 million units of the Company at a price of $0.20 per unit for gross proceeds of up to $2.5 million.\n\n\n \nEach 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 up to 7% finders fees and 7% finders warrants.\n\n\n \nOn Behalf of the Board of Directors,\n\n\n \nA.I.S. Resources Limited\n\n\n \nMarc Enright-Morin \n\n\n \nPresident and CEO\n\n\n \nAbout A.I.S. Resources\n\n\n \nA.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.\n\n\n \nContact\n\n\n \nA.I.S. Resources Limited\n\n\n \nMarc Enright-Morin\n\n\n \nPresident and CEO\n\n\n \nT: 778-892-5455\n\n\n \nE: [email protected]\n\n\n \nW: www.aisresources.com\n\n\n \nADVISORY: This press release contains forward-looking statements. More particularly, this press release contain...