A.I.S. Resources Announces Private Placement and Provides Bi-Weekly Default Status Report

Core Viewpoint - A.I.S. Resources Limited is conducting a non-brokered private placement of up to 5,000,000 common shares at a price of $0.03 per share, aiming to raise gross proceeds of $150,000 for general working capital [1]. Group 1: Private Placement Details - The closing of the private placement is subject to acceptance by the TSX Venture Exchange, and all securities issued will have a four-month hold period from the closing date under Canadian securities laws [2]. - Certain directors and officers may participate in the private placement, which is considered a related party transaction exempt from minority approval and formal valuation requirements [3]. - The private placement securities will not be registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption [4]. Group 2: Financial Reporting and Compliance - The company is providing a bi-weekly default status report due to a voluntary management cease trade order granted because it could not file its annual financial statements and management's discussion and analysis for the year ended March 31, 2025, within the required timeframe [5]. - The company was unable to complete the year-end audit on time due to insufficient funds, necessitating additional time to file the annual filings [6]. - The audit is substantially completed, and proceeds from the private placement will be partially used to complete the audit, with expectations to file annual filings by September 29, 2025 [7]. Group 3: Other Updates - Buda Juice LLC, in which A.I.S. Resources Limited holds a minority stake, filed a registration statement for an initial public offering on August 27, 2025 [9]. - A.I.S. Resources Limited focuses on natural resource opportunities, aiming to unlock value through early-stage project acquisitions and providing necessary support [11].