- A.I.S. Resources Limited (AIS) closes its non-brokered private placement for $568,400
- The transaction is made up of 16.24 million units at a price of $0.035 per unit
- The proceeds will be used for exploration of the company’s Australian gold projects, marketing, and for general working capital
- A.I.S. is a publicly exploration company focused on lithium, gold, precious and base metals
- A.I.S. Resources Limited (AIS) is unchanged trading at $0.03 per share as of 1:06 p.m. ET
A.I.S. Resources Limited (AIS) has closed its non-brokered private placement for gross proceeds of $568,400.
The company issued 16.24 million units at a price of $0.035 per unit.
Each unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.05 per common share for an entire year after the closing date of the offering.
Insiders participated in the aggregate amount of $255,300 for 7.29 million units. A.I.S owes a finders’ fees of $766.50.
The proceeds will be used for exploration of the company’s Australian gold projects, marketing, and general working capital.
Following a successful soil sampling program where high levels of a major gold pathfinder was found, plans are in place to confirm the drill hole targets in the Elgin Reliance reef and mine area, on the Hillborough track.
Further work is being done on the Rose, Thistle and Shamrock mine to drill from Landtax reef area. A.I.S. is also in the process of applying for drilling permits for 10 drill holes at the Tolleen Gold Project.
A.I.S. is an exploration company focused on lithium, gold, precious and base metals.
A.I.S. Resources Limited (AIS) is unchanged trading at $0.03 per share as of 1:06 p.m. ET.
