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Posted on February 24, 2025 • 5 minutes read
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Vancouver, British Colombia, February 24, 2025 (Globe Newswire) – Ais Resources Limited (Tsxv: AIS, OTC-Pink: Aissf(“” AIS “or” the company “) announces an unlimited special position of 2,857,143 units at a price of $ 0.035 per unit for the total revenue of $ 100,000 (” private place “). Revenue for public worker capital will be used.
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Each special recruitment unit consists of one shared share and a single -share purchase memo. Each note will get its holder to buy one additional shares for two years from the date of the closing of the offer at a price of $ 0.05 per shared shares. The company may pay researchers to 8 % cash and 8 % of researchers orders on part of the position.
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Debt treatment shares
The company also concluded debt settlement agreements with various creditors to settle a total amount of 625,443.62 dollars of debt related to the services provided to AIS through a total issuance of 12,508,872 subscribers at a price of $ 0.05 per joint share (“shares” for debt treatment “).
The closure of the private position and the debt trail shares are subjected to admission by TSX Venture Exchange. All securities issued in relation to the private region and the shares of debt transactions will be subject to a four -month suspension period from the closing date under the applicable Canadian Securities Laws.
The participation of some of the informed, being “relevant parties” from AIS that the special position and shares of debt transactions are considered the relevant parties ’transactions in the sense of the multilateral tool 61-101- Protecting minority security owners in private transactions (“Mi 61-101”). Related parties' transactions will be exempted from the approval of minorities, and the circular and official evaluation requirements of the Mi 61-101 according to the exemptions mentioned in sections 5.5 (B) because AIS is not included in a specific market in the sense mentioned in Mi 61-101 and 5.7 (1) (b ) From Mi 61-101, because the fair market value of total securities will be issued Under the transactions of the relevant party, and the insiders will exceed $ 2500,000.
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Mark Entite Mourin, President and CEO appointed
AIS is pleased to announce the appointment of Marc Enright-Morein as the company president and executive manager. The company also announces the resignation of Andrew Nile as CEO and director.
“The board of directors is excited to make Mark Mourin join the executive team. You will lead his experience in the capital markets, the leadership of companies, and the exploration of resources the value of shareholders and stakeholders alike. We thank Undero's sincere experience and experience that he brought to the company and looks forward To future cooperation. ”
“I am glad to take on this new role and work alongside the trusted colleagues I have known for more than 20 years. I have reunited with familiar faces in a really rewarding cooperative environment. I am looking forward to pushing the company forward and creating a long -term value to our shareholders to The rest of the team.
Mark Enttre Moreen
Marc Enright-Morein is a pioneer and professional in Capital Markets in Vancouver. He started his career with a boutique commercial bank, playing a major role in collecting more than $ 300 million for various public and private companies through global financial institutions, with a focus on Europe, Asia and the United States.
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With over 20 years of experience in both public and private markets, Mr. Enright-Morein has built a wide network of investment banking communications, which played a fundamental role in the growth and development of startups and beginners companies. He held the position of CEO, head and director of the multiple companies that are traded in the resource sector.
AIS's main gold projects in Australia:
With the last rise in gold prices, AIS renewed its focus on exploration efforts.
1. Fosfel Tollen Gold Project
- AIS carries a 100 % interest in the Fosterville-Tond 28 square kilometers (EL6001), which is located 10 km east of the famous Gold Gold Eagle.
- Promising drilling targets in Toolleen are determined, with the similar geological properties of the high -quality Fosterville mine.
2. The bright gold project
- AIS has a 60 % stake in a 58 km bright exploration license. (EL6194), with the option to obtain full property.
- The company is currently reviewing the results from the 2023 drilling program and is preparing to determine the targets of drilling with additional high capabilities.
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3. Kingston Gold Project
- AIS carries a 100 % interest in the 167 km Kingston Explorer license.
- AIS will receive 15 % of revenues from gold sales resulting from the seller mining activities outside the exploration license.
These three characteristics, which have a total of more than 250 square kilometers, are located in a very potential belt in the center of Victoria, often referred to as “the golden triangle”. According to the geological survey in Victoria, up to 75 million ounces of gold may still be discovered in the region.
About limited AIS resources
AIS Resources Limited is a publicly circulated company listed in TSX Venture Exchange. The company focuses on natural resources opportunities, with the aim of opening value by obtaining projects in the early stage and providing the necessary technical and financial support to develop them. AIS is guided by an experienced team of engineers, geologists and financial professionals with a busy record of success in the capital markets.
On behalf of Ais Resources Limited
Martin element
president
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Corporate Communication
For more information, please contact:
Martyn Element, Chairman
T: +1-604-220-6266
E: Meement@aisersources.com
Website: www.aisersources.com
Consultant: This press statement contains aspiration data. Although the company believes that the forecasts are reflected in these aspirations are reasonable, the unjustified dependence should not be placed because the company cannot provide any guarantee that it will prove that it is correct. Since the aspiration data deals with future events and conditions, it includes the risks and uncertainty that are inherently inherent. The aspiration data contained in this press statement is made as of its date, and the company does not undertake any obligations to publicly update or review any data or aspiration information, whether it is the result of new information or future events or otherwise, unless therefore therefore is required under the applicable securities laws . Tsx Venture Exchange is neither acceptable nor organizational service provider (this term is defined in TSX Venture Exchange) responsibility for the adequacy or accuracy of this version.
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