A.I.S. Resources raises capital via private placement
Key facts
- C$644K PP
- C$0.14/unit
- +0.5 wt @ C$0.2
VANCOUVER, British Columbia, June 19, 2026 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF, FRA: 5YH) (“A.I.S.” or the “Company”) announces a non-brokered private placement of 4,600,000 units at a price of $0.14 per unit for gross proceeds of $644,000 (the “Private Placement” ). A.I.S.
CEO, Marc Enright-Morin stated, “We are pleased to welcome Phillip Richards of RAB Capital as a strategic investor as we prepare to advance our New Brunswick projects.” Each Unit is comprised of one common share in the capital of the Company (each, a “ Share” ) and one-half of one transferable share purchase warrant (each whole warrant, a “ Warrant” ). Each Warrant entitles the holder to purchase one common share (each, a “ Warrant Share” ) at a price of $0.20 per Warrant Share for a period of three (3) years from the issuance date. Proceeds of the private placement will be used for exploration of the Company’s New Brunswick projects and general working capital.
Closing of the Private Placement is subject to acceptance by the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws. The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements.
This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States. About the Saint John Project The Saint John Project is considered prospective for IOCG-style mineralization based on regional geological setting and the Company’s current exploration model. The Property remains at an early stage of exploration, and further work is required to determine whether IOCG-style mineralization is present on the Property.
The IOCG exploration targets provide strategic exposure to gold, silver (precious metals), copper (energy transition metal), antimony, and rhenium (critical minerals) as shown in the historical sampling data. About the Pocologan Project The Pocologan Project is an early-stage copper-gold-silver exploration project located in New Brunswick, Canada. The project is interpreted by the Company to have potential for iron oxide copper-gold (“IOCG”) or magmatic copper-gold style mineralization, as well as structurally controlled copper-silver-gold targets.
Vendor compilation materials identify several target areas, including the Pennfield Station–Pocologan River and Red Head Harbour areas, where historical surface prospecting reportedly outlined copper, gold, and silver mineralization associated with gabbroic, granodioritic, altered, and sheared host rocks. The project covers approximately 21.5 square kilometres in southern New Brunswick, an established Canadian mining jurisdiction. The project area benefits from favourable infrastructure, including proximity to highways, rail, power, the deep-water port facilities at Saint John, and a skilled regional workforce.
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