A.I.S. Resources closes first tranche of private placement for $81,000

A.I.S. Resources Limited (TSXV: AIS, OTC: AISSF) has closed the first tranche of its non-brokered private placement, raising $81,000 through the sale of 2.7 million shares at $0.03 per share.

The company stated it will use the proceeds for audit fees and general office expenses. No finder's fees are payable in connection with the placement, and no payments will be made to non-arm's length parties or persons conducting investor relations activities.

The closing remains subject to final acceptance by the TSX Venture Exchange. All securities issued in the private placement will be subject to a four-month hold period from the closing date under Canadian securities laws.

A.I.S. Resources Limited is a Vancouver-based natural resource company that focuses on acquiring and developing early-stage projects. The company is listed on the TSX Venture Exchange.

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