(via Thenewswire.ca)
VANCOUVER, BRITISH COLUMBIA / TheNewswire / AUGUST 12, 2016) - A.I.S. RESOURCES LIMITED. (TSX - NEX: AIS.H) (the "Company" or "AIS") announces that 565,000 stock options ("Options") granted to directors, officers and consultants of the Company as announced on August 9, 2016, have been amended to have an exercise price of $0.15 per common share ("Share"). The original exercise price was $0.12 per Share.
The Company also announces that it has issued Options to purchase 300,000 Shares of the Company to its directors, officers and consultants with an exercise price $0.15 per Share, for a period of five years.
The Company has also amended the shares for debt agreement, announced August 9, 2016 pursuant to which AIS will issue 562,000 common shares in satisfaction of $84,300 of indebtedness owed to two directors of the Company for unpaid fees and expenses. The original amount was 1,250,000 common shares in satisfaction of $125,000 of indebtedness.
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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