AIS Resources (TSE:AIS) has released an update.
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A.I.S. Resources Limited has successfully completed a private placement of convertible debentures with attached warrants, raising $195,000 for loan repayments and working capital. Investors will be able to convert the principal into common shares at $0.05 each over the next year, with warrants exercisable at $0.08 per share. The funds raised bolster the company’s strategy to enhance the value of early-stage natural resources projects.
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