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A.I.S. Resources Announces Debt Settlement
Globenewswire· 2026-02-24 23:26
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]
A.I.S. Resources TSXV Reinstatement to Trading
Globenewswire· 2025-12-29 19:25
Core Viewpoint - A.I.S. Resources Limited has received approval from the TSX Venture Exchange for reinstatement to trading, with shares expected to resume trading on or about January 2, 2026 [1][2]. Group 1: Company Announcement - The company applied for reinstatement on November 19, 2025, following the revocation of a cease trade order by the BCSC on November 14, 2025 [2]. - The reinstatement process included a review by the TSX Venture Exchange, which has now been completed [2]. - The company expresses gratitude for the patience of its shareholders and stakeholders during the reinstatement process [2]. Group 2: Company Overview - A.I.S. Resources Limited is publicly traded on the TSX Venture Exchange and focuses on natural resource opportunities [3]. - The company aims to unlock value by acquiring early-stage projects and providing technical and financial support for their development [3]. - A.I.S. is led by a team of experienced engineers, geologists, and finance professionals with a successful track record in capital markets [3].
A.I.S. Resources Closes Non-Brokered Private Placement & Provides Corporate Update
Globenewswire· 2025-12-20 00:01
Core Points - A.I.S. Resources Limited closed a non-brokered private placement of 2,700,000 shares at $0.03 per share, raising gross proceeds of $81,000 on September 29, 2025 [1] - The proceeds from the private placement were allocated for audit fees and general office expenses, with no payments to non-arm's length parties or finders fees [2] - The company completed the sale of 25% of its interest in Buda Juice LLC for USD $500,000 on November 17, 2025 [3] - Following the revocation of a cease trade order, the company applied for reinstatement to trading with the TSX Venture Exchange on November 19, 2025 [4] - The company has withdrawn a previously proposed private placement as part of the exchange's review process [5] - A promissory note of $139,149 was issued to Panopus Plc, with a repayment of $50,000 made during the year ended December 21, 2022 [6] - A.I.S. Resources Limited focuses on natural resource opportunities, aiming to unlock value through early-stage project acquisitions and support [7]