A.I.S. Resources Announces Loan Financing
05 Novembro 2021 - 9:35PM
A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or
“AIS”) announces the Company has entered into loan agreements with
certain parties for aggregate loan proceeds of $400,000.
Loans totaling $300,000 are for the term of one
year and bear interest at 3% per annum. Pursuant to the Loan
Agreements and upon approval of the TSX Venture exchange the
lenders shall also receive from the Company 1,200,000 bonus shares
at a deemed price of $0.05 representing 20% of the aggregate sum of
the loans. The Bonus Shares will be subject to a trading hold
period expiring four months from the date of issue, under
applicable securities law.
A loan in the amount of $100,000 is for the term
of one year and bears interest at 6% per annum. Upon approval of
the TSX Venture exchange the lender shall also receive from the
Company 2 million Bonus Warrants. Each Bonus Warrant will entitle
the holder to purchase one common share of the Company at an
exercise price of $0.05 per share for one year. The Bonus Warrants
will be subject to a trading hold period expiring four months from
the date of issue, under applicable securities law.
Proceeds of the loans will be used for
exploration of the Company’s Australian gold properties and for
working capital purposes. The Company intends to repay the loans by
means of future private placement financings.
About A.I.S. Resources
LimitedA.I.S. Resources Limited is a publicly traded
investment issuer listed on the TSX Venture Exchange focused on
precious and base metals exploration. AIS’ value add strategy is to
acquire prospective exploration projects and enhance their value by
better defining the mineral resource with a view to attracting
joint venture partners and enhancing the value of our portfolio.
The Company is managed by a team of experienced geologists and
investment bankers, with a track-record of successful capital
markets achievements.
AIS owns 100% of the 28 sq km
Fosterville-Toolleen Gold Project located 9.9km from Kirkland
Lake’s Fosterville gold mine, a 60% interest in the 58 sq km New
South Wales Yalgogrin Gold Project (with the right to acquire
100%), and 100% interest in the 167 sq km Kingston Gold Project in
Victoria Australia near Stawell and Navarre. It also has joint
venture interests with Spey Resources Corp in lithium brines in
Argentina at Incahuasi and Pocitos salars.
On Behalf of the Board of Directors,A.I.S. Resources Ltd.Phillip
Thomas, President & CEO
Corporate ContactFor further information,
please contact:Phillip Thomas, Chief Executive OfficerT: +1-323
5155 164E: pthomas@aisresources.comOrMartyn
Element. ChairmanT: +1-604-220-6266E:
melement@aisresources.comWebsite: www.aisresources.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
ADVISORY: This press release contains
forward-looking statements. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, undue reliance should not be placed on them because the
Company 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 forward-looking statements contained in this
press release are made as of the date hereof and the Company
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.
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