Mr. Martyn Element reports
A.I.S. RESOURCES CLOSES NON-BROKERED PRIVATE PLACEMENT & PROVIDES CORPORATE UPDATE
A.I.S. Resources Ltd., on Sept. 29, 2025, closed its non-brokered private placement of 2.7 million shares at a price of three cents per share for gross proceeds of $81,000. The company decided not to proceed with further tranches of the private placement.
Proceeds of the private placement were used for audit fees and general office expenses. There are no proposed payments to non-arm's-length parties of the company and to persons conducting investor relations activities. No finders' fees are payable. Closing of the private placement is subject to final acceptance by the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws.
The company provides the following corporate update.
Buda Juice
LLC
On Nov. 17, 2025, the company completed the sale of 25 per cent of its interest in Buda Juice for $500,000 (U.S.).
Application for TSX Venture Exchange reinstatement to trading
Following the Nov. 14, 2025, revocation of the company's failure-to-file cease trade order by the British Columbia Securities Commission, the company applied on Nov. 19, 2025, for reinstatement to trading with the TSX Venture Exchange. In connection with the application for reinstatement to trading, the company is undergoing an exchange review. The company acknowledges and appreciates the patience of its shareholders and stakeholders during this process.
The company is providing the following disclosures in connection with the exchange's review process.
Further to the company's announcement on Oct. 17, 2024, the company has withdrawn the proposed private placement.
On Dec. 23, 2021, the company issued a promissory note in the principal amount of $139,149 to Panopus PLC, a company controlled by Phillip Thomas, former director and chief executive officer of the company. The note is unsecured, payable within five business days from demand and bears interest at a rate of 10 per cent per annum. Proceeds of the loan were used for the acquisition of the Bright property. During the year ended Dec. 21, 2022, the company repaid $50,000 of the principal balance of the loan.
About A.I.S. Resources Ltd.
A.I.S. Resources is a publicly traded company listed on the TSX Venture Exchange. The company focuses on natural resource opportunities, aiming to unlock value by acquiring early-stage projects and providing the necessary technical and financial support to develop them. A.I.S. is guided by a seasoned team of engineers, geologists and finance professionals with a proven record of success in capital markets.
We seek Safe Harbor.
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