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VANCOUVER, British Columbia, June 10, 2019 (GLOBE NEWSWIRE) – A.I.S. Limited Resources (TSX-V – AIS, OTCQB: AISSF) (the "Company" or "AIS") following the Company's press release of April 12, 2019, AIS increased the number of non-negotiated private placements to 7,901,000 in stock exchangeunits") at a price of $ 0.05 each for gross proceeds of $ 395,050 (the"Private placementThe proceeds will be allocated to general working capital.
Each unit consists of one common share and one transferable share purchase warrant. Each warrant will entitle its holder to purchase one additional common share for a period of 12 months from the date of closing of the offering at a price of $ 0.10 per common share, provided that the closing price of the shares the common shares of the Corporation on an Exchange or Listing Share on which the Common Shares are subsequently listed or quoted is greater than or equal to $ 0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants until a later date. not less than ten (10) working days from the date the notice is given. The Company may pay information fees of up to 8% in cash and 8% in terms of money orders.
The private placement is subject to acceptance by the TSX Venture Exchange.
The securities of the private placement have not been and will not be registered under the US Securities Act of 1933, as amended (the "1933 Act"), or under applicable securities legislation. securities, and can not be offered or sold, directly or indirectly. issued in the United States or to persons of the United States (within the meaning of Regulation S of the 1933 Act), or on behalf of or for the benefit of such persons, in the absence of registration or registration any applicable exemption from the conditions of registration. This press release does not constitute an offer to sell or a solicitation to purchase such securities in the United States.
About A.I.S. Resources
A.I.S. Resources Ltd. is an issuer of investments listed on the TSX Venture Exchange and established in 1967. It is managed by experienced and highly qualified professionals with long experience of success in exploration, production and financial markets. Through their vast commercial and scientific networks, they identify and develop projects with high growth potential worldwide with the aim of generating significant returns for shareholders. The company's current operations are focused on the exploration and development of lithium brine projects in northern Argentina and a manganese project in Peru.
On behalf of the Board of Directors, A.I.S. Limited Resources
Phillip Thomas
President and CEO
Contact
Phillip Thomas – President and Chief Executive Officer
E: [email protected]
Website: www.aisresources.com
Martyn Element
President
T: 604-687-6820
E: [email protected]
ADVISORY: This press release contains forward-looking statements. In particular, this press release contains statements regarding the intended use of the proceeds of the private placement. While the Company believes that the expectations reflected in these forward-looking statements are reasonable, it should not be unduly relied upon as it can give no badurance that they will prove to be accurate. Because forward-looking statements address future events and conditions, they involve by their very nature risks and uncertainties. The intended use of the proceeds of the Private Placement by the Company could change if the Board of Directors of the Company determines that it would be in the Company's interest to deploy the product to another Company. end. The forward-looking statements contained in this news release are made as of the date hereof and the Company badumes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, 39, future events or otherwise, unless in accordance with applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this document. communicated.
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