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A.I.S. Resources Closes Private Placement Financing with Strategic Investor
VANCOUVER, British Columbia, July 06, 2026 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF, FRA: 5YH) (“A.I.S.” or the “Company”) announces that, further to its news release of June 19, 2026, the Company has closed its private placement of 4,600,000 units at a price of $0.14 per unit for gross proceeds of $644,000 (the "Private Placement"). A.I.S. CEO, Marc Enright-Morin stated, “The support from our strategic investor, Phillip Richards, comes at an important time as we
About this update from Ais Resources Ltd
VANCOUVER, British Columbia, July 06, 2026 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF, FRA: 5YH) ("A.I.S." or the "Company") announces that, further to its news release of June 19, 2026, the Company has closed its private placement of 4,600,000 units at a price of $0.14 per unit for gross proceeds of $644,000 (the "Private Placement"). A.I.S. CEO, Marc Enright-Morin stated, "The support from our strategic investor, Phillip Richards, comes at an important time as we advance toward our summer drilling program. This financing enhances our capacity to accelerate exploration and continue building momentum across our projects." Each Unit is comprised of one common share in the capital of the Company (each, a "Share") and one-half of one transferable share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share (each, a "Warrant Share") at a price of $0.20 per Warrant Share for a period of three (3) years from the issuance date. Proceeds of the private placement will be used for exploration of the Company's New Brunswick projects and general working capital. All securities issued in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws. No finders' fees were paid in connection with this private placement. About the Saint John ProjectThe Saint John Project is considered prospective for IOCG-style mineralization based on regional geological setting and the Company's current exploration model. The Property remains at an early stage of exploration, and further work is required to determine whether IOCG-style mineralization is present on the Property. The IOCG exploration targets provide strategic exposure to gold, silver (precious metals), copper (energy transition metal), antimony, and rhenium (critical minerals) as shown in the historical sampling data. About the Pocologan ProjectThe Pocologan Project is an early-stage copper-gold-silver exploration project located in New Brunswick, Canada. The project is interpreted by the Company to have potential for iron oxide copper-gold ("IOCG") or magmatic copper-gold style mineralization, as well as structurally controlled copper-silver-gold targets. Vendor compilation materials identify several target areas, including the Pennfiel...