A.I.S. Resources Limited Announces Increase in Size and Closing of Private Placement
23 Avril 2014 - 2:30PM
Marketwired
A.I.S. Resources Limited Announces Increase in Size and Closing of
Private Placement
CALGARY, ALBERTA--(Marketwired - Apr 23, 2014) - A.I.S.
RESOURCES LTD. (TSX-VENTURE:AIS.H) (the "Corporation") is pleased
to announce that it has closed its previously announced
non-brokered private placement (the "Private Placement") of units
("Units") and as it was over-subscribed it also increased the size
of the Private Placement from 1,500,000 Units for aggregate gross
proceeds of $300,000 to 2,300,000 Units for aggregate gross
proceeds of $460,000. As previously announced, each Unit was issued
at a price of $0.20 and is comprised of one common share ("Common
Share") of the Corporation and one-half of one Common Share
purchase warrant ("Warrant"), with each whole Warrant entitling the
holder thereof to acquire one Common Share at a price of $0.50 for
a period of one year from the date of closing of the Private
Placement. The net proceeds of the Private Placement will be used
to finance the investigation and due diligence of potential
transactions that result in the reactivation of the Corporation and
for general working capital purposes.
The Common Shares and Warrants, including the Common Shares
underlying the Warrants, are subject to a hold period ending August
23, 2014.
ADVISORY: This press release contains forward looking
statements. More particularly, this press release contains
statements concerning the anticipated use of the proceeds of the
Private Placement. Although the Corporation believes that the
expectations reflected in these forward looking statements are
reasonable, undue reliance should not be placed on them because the
Corporation can give no assurance that they will prove to be
correct. Since forward looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. The intended use of the proceeds of the Private
Placement by the Corporation might change if the board of directors
of the Corporation determines that it would be in the best
interests of the Corporation to deploy the proceeds for some other
purpose. The forward looking statements contained in this press
release are made as of the date hereof and the Corporation
undertakes no obligations to update publicly or revise any forward
looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by
applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
A.I.S. Resources LimitedMartyn ElementPresident and Chief
Executive Officer(604) 687-6820Martyn@idmail.com
(TSXV:AIS.H)
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