A.I.S. Resources Limited, trading under the ticker symbols TSXV: AIS and OTC: AISSF, has announced the successful completion of the first tranche of its non-brokered private placement. The company issued 2,700,000 shares at a price of $0.03 per share, generating gross proceeds of $81,000. These funds will be allocated towards covering audit fees and general operational expenses.
Details of the private placement
The proceeds from this private placement are significant for A.I.S. Resources as they seek to improve their operational capabilities. The company confirmed that no payments are planned for non-arm’s length parties or individuals engaged in investor relations activities. Additionally, this placement does not incur any finder’s fees, which streamlines the overall process for the company.
Regulatory compliance and hold period
The closure of this placement relies on final acceptance from the TSX Venture Exchange. In accordance with Canadian securities laws, all securities issued will be subject to a four-month hold period from the closing date. This requirement ensures that investors understand the restrictions related to their investment.
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded company listed on the TSX Venture Exchange. The firm focuses on exploring and developing natural resource opportunities. A.I.S. Resources aims to create value by acquiring early-stage projects and providing the necessary technical and financial support for their development.
Expertise and leadership
A.I.S. Resources is guided by a diverse team of experienced professionals, including engineers, geologists, and finance experts. This collective expertise has established a robust track record in capital markets, enabling the company to adeptly navigate the complexities of resource development. This positions A.I.S. Resources to seize emerging opportunities within the sector.
The company’s ongoing commitment to excellence and innovation is evident in its strategic approach to project acquisition and development. This fosters an environment that supports growth and sustainability.
On behalf of A.I.S. Resources Limited
Martyn Element
Chairman
Contact information
For further inquiries, please reach out to:
Martyn Element, Chairman
Phone: +1-604-220-6266
Email: melement@aisresources.com
Website: www.aisresources.com
Important notice: This announcement contains forward-looking statements. A.I.S. Resources believes that the expectations outlined are reasonable; however, investors should remain cautious. These statements involve inherent risks and uncertainties. The company does not guarantee the accuracy of these projections, which may change based on new information or future developments.