12:11 PM EDT, 10/18/2024 (MT Newswires) -- A.I.S. Resources ( AISSF ) , on Friday said it plans a non-brokered private placement of up to 8.6-million share units at a price of $0.035 per unit for gross proceeds of $301,000.

The proceeds will be used for general working capital and exploration of the company's gold projects in Australia.

Each unit consists of a share and a transferable two-year warrant to purchase an additional share for $0.05.

The company's shares were last seen up $0.005 to $0.04 on the TSX Venture Exchange.