Workflow
A.I.S. Resources Closes Shares for Debt Transaction
Globenewswireยท2025-06-18 11:00

Core Viewpoint - A.I.S. Resources Limited has settled $380,927.75 of debt through the issuance of 7,618,555 common shares at a deemed price of $0.05 per share, aimed at improving its financial position by reducing existing liabilities [1][2]. Financial Transactions - The Shares for Debt Transaction involved the issuance of 6,429,480 shares to non-arms length parties in settlement of $321,474 [3]. - The related party transactions are exempt from minority approval and formal valuation requirements under Multilateral Instrument 61-101 due to the transaction's structure and the total consideration not exceeding $2,500,000 [3]. Company Overview - A.I.S. Resources Limited is publicly traded on the TSX Venture Exchange, focusing on natural resource opportunities and aiming to unlock value through early-stage project acquisitions and development support [4].