VANCOUVER, British Columbia, May 28, 2024 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV:AIS, OTC:AISSF) (the "Company" or "AIS") announces the closing of a private placement of convertible debentures and detachable warrants for gross proceeds of $195,000. Principal will be convertible into common shares at $0.05 per common share (the "Conversion Price") for a term of one (1) year from the closing date (the "Maturity Date"). The convertible debentures will bear interest at a rate of 6.0% per annum payable on the Maturity Date. Accrued interest may be paid in cash or converted to common shares at the Market Price (as defined by the TSXV Exchange) at the time the accrued interest becomes payable. 1,950,000 detachable common share purchase warrants (the "Warrants") will be issued on the closing date. Each Warrant will be exercisable ...