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| Home : A.I.S. Resources Limited Increases Financing Offering From $4 Million to $6 Million |
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May 21
2015 |
A.I.S. Resources Limited Increases Financing Offering From $4 Million to $6 Million |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2015) - A.I.S. RESOURCES LIMITED (NEX:AIS.H) (the "Corporation" or "AIS") is very pleased to announce that it intends to increased its non-brokered private placement (the "Private Placement") from $4 million to $6 million.
AIS intends to issue up to 24,000,000 units ("Units") of the Corporation at a price of $0.25 per Unit for aggregate gross proceeds of up to $6,000,000. Each Unit will be comprised of one common share ("Common Share") of the Corporation and one Common Share purchase warrant ("Warrant"), with each whole Warrant entitling the holder thereof to acquire one Common Share at a price of $0.40 for a period of two years from the date of closing of the Private Placement. The Warrants are subject to an acceleration clause in the event that the volume weighted average trading price of the common shares of the Company trades at or above $0.60 per share for 15 consecutive trading days in the period commencing 4 months after the closing date of this financing. |
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| Source:http://www.marketwired.com/mw/release.do?id=2021919&sourceType=3 |
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