A.I.S. Resources Puts Guayatayoc Lithium Project On “Fast Track“ Following Graduation To TSX Venture
- Graduation to the TSX Venture from the NEX board, which became effective Wednesday, November 8, provides the Company with a powerful new platform to raise investor awareness of its lithium assets in Argentina;
- Company is immediately accelerating exploration and plant processing activity in Argentina after raising $4.39 million through a $4 million private placement and the exercise of 996,960 warrants at 40 cents;
- Led by Chief Operating Officer Phil Thomas, MAIG., and Dr. Carlos Sorentino, AIS features a team with proven exploration and production backgrounds in the lithium brine sector as they pursue a comprehensive strategy at the Company's flagship Guayatayoc Property.
Marc Enright-Morin, AIS President and CEO, commented: "With exciting progress already achieved on the chemistry/pilot plant production at Guayatayoc, and plans for near-term drilling and seismic in the final stages, these critical activities will provide AIS shareholders tangible evidence of milestones being achieved. We look forward to providing shareholders with strong news flow in the weeks ahead.
"The infrastructure we have access to around Guayatayoc, including a lab and a pilot plant in Salta, and the quality of our team make us confident we can unlock the full potential of this well-researched and promising property."
On Behalf of the Board of Directors,
President and CEO
About A.I.S. Resources
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration, production and capital markets. Through their extensive business and scientific networks, they identify and develop early stage projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company is currently focused on the exploration and development of lithium properties in Northern Argentina.
President and CEO
ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation 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 intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation 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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