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A.I.S. Resources Increases Financing Offering From $3.0 Million To $4.0 Million
(via TheNewswire) Vancouver, British Columbia / TheNewswire / October 18, 2017 - A.I.S...
About this update from Ais Resources Ltd
[{"type":"text","content":"A.I.S. Resources Increases Financing Offering From $3.0 Million To $4.0 Million(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / 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.\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 finders fees of up to 7% of gross proceeds and finders warrants of up to 7% of units issued.\n\n\n \nThe 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.\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 \n...