A.I.S. Resources Announces Debt Settlement

Core Viewpoint - A.I.S. Resources Limited has entered into debt settlement agreements to improve its financial position by reducing outstanding liabilities through the issuance of common shares [1][2][3] Debt Settlement Agreements - The company has settled an aggregate amount of $111,510 in outstanding debt with various arm's length creditors by issuing 2,124,000 common shares at a deemed price of $0.0525 per share [1] - Additionally, the company has settled $503,026.40 in outstanding fees with directors and officers by issuing 7,186,091 common shares at a deemed price of $0.07 per share, pending disinterested shareholder approval [2][3] Regulatory Compliance - The debt settlement transactions are subject to acceptance by the TSX Venture Exchange and all securities issued will be subject to a four-month hold period under Canadian securities laws [3] - The issuance of shares to non-arm's length parties in the Directors and Officers Shares for Debt Transactions is considered a related party transaction, exempt from minority approval and formal valuation requirements under Multilateral Instrument 61-101 [4] Company Overview - A.I.S. Resources Limited is a publicly traded company on the TSX Venture Exchange, focusing on natural resource opportunities and aiming to unlock value through early-stage project acquisitions and development support [5]