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VANCOUVER, BRITISH COLUMBIA / TheNewswire / AUGUST 9, 2016 - A.I.S. RESOURCES LTD. (TSX - NEX: AIS.H) (the "Company" or "AIS") is pleased to announce that effective August 5, 2016 it has granted 565,000 stock options to certain directors, officers and consultants pursuant to the Company's Stock Option Plan. The options have an exercise price of $0.12 per share and an expiry date of August 5, 2021.
The Company also entered into a shares for debt agreement, effective August 5, 2016 pursuant to which AIS will issue 1,250,000 common shares in satisfaction of $125,000 of indebtedness owed to two directors of the Company for unpaid fees.
AIS determined to satisfy the indebtedness with common shares in order to preserve its cash for acquisition and development of its investments. The shares will be issued upon acceptance by the TSX Venture Exchange. The common shares issued in satisfaction of the indebtedness will be subject to a four month hold period from the date of issuance.
ABOUT AIS
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is managed by seasoned professionals who have a long track record of success in the capital markets. Through their extensive business network, they identify and develop early stage projects worldwide that have strong potential for growth with the objective of providing returns for shareholders.
Contact:
A.I.S. Resources Limited
Marc Enright Morin
President and CEO
(778) 892-5455
memorin@aisresources.com
Martyn Element
Director
(604) 220-6266
melement@aisresources.com
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