A.I.S. Resources Limited

A.I.S. Resources Limited

June 15, 2015 16:00 ET

A.I.S. Resources Limited Re-Prices the Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 15, 2015) - A.I.S. RESOURCES LIMITED (NEX:AIS.H) (the "Corporation" or "AIS") announces that it has re-priced the previously announced private placement (the "Private Placement") from $0.25 to $0.10.

AIS intends to issue up to 60,000,000 units ("Units") of the Corporation at a price of $0.10 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 $0.14 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 $0.30 per share for 15 consecutive trading days in the period commencing 4 months after the closing date of this financing.

The net proceeds of the Private Placement will be used for investment by the Corporation into Buda Juice, LLC. ("Buda") to satisfy the term sheet ("Term Sheet") signed on December 23, 2014 and for general working capital purposes.

The Common Shares and Warrants, including the Common Shares underlying the Warrants, will be subject to a hold period ending four months and a day from the date of closing. In connection with the Private Placement the Corporation may pay a cash commission or finder's fee of 7% of the gross proceeds of the Private Placement along with 7% broker warrants exercisable at $0.14 for a period of 2 years.

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