A.I.S. Resources Announces a 1-for-10 Reverse Stock Split
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A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
A.I.S. Resources Announces a 1-for-10 Reverse
Stock Split
March 5, 2024
Vancouver, British Columbia – The Board of A.I.S. Resources Limited (TSX-V: AIS, OTCQB:
AISSF, FRA: 5YHA ) (the “Company” or “AIS”) wishes to announce the decision to proceed
with a 1-for-10 reverse stock split, also known as a stock consolidation, stock merge, or
share rollback, applicable to all issued shares and outstanding warrants and options.
Effective at the commencement of trading on March 8, 2024 the Company is expected to
begin trading on the TSX Venture Exchange on a post-consolidated basis under the stock
symbol “AIS”. The new CUSIP and ISIN are 001431303 and CA0014313039, respectively.
Andrew Neale, President & CEO of AIS commented, “This decision will better position the
Company to develop its existing assets and evaluate other investment opportunities that
have recently be presented to the Company. This decision has not been taken lightly, and
is a necessary first step in the corporate restructuring of AIS that has been discussed in
detail between myself and the board. We wish to remind our shareholders that this action
doesn’t impact the overall market capitalization of the Company.”
As of March 5, 2024, AIS has 204,215,409 shares issued, 10,401,667 options issued, and
26,300,000 warrants issued, for a fully diluted total of 240,917,076. After the Consolidation
there will be approximately 20,421,540 common shares issued and outstanding. The
Company will not be issuing fractional post-Consolidation common shares to shareholders
in connection with the Consolidation. Where the Consolidation would otherwise result in a
shareholder being entitled to a fractional common share, the number of post-Consolidation
common shares issued to such holder of common shares shall be rounded up to the next
greater whole number of common shares if the fractional entitlement is equal to or greater
than 0.5 and shall be rounded down to the next lesser whole number of common shares if
the fractional entitlement is less than 0.5. In calculating such fractional interests, all
common shares held by a beneficial holder shall be aggregated. The exercise or conversion
price and the number of common shares issuable under any of the Company's outstanding
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A.I.S. Resources Limited
stock options and warrants will be proportionately adjusted to reflect the Consolidation in
accordance with the respective terms thereof.
No action is required from shareholders who are holding their shares in AIS in a
conventional brokerage account. Those holding paper certificates will need to present
those to AIS and have a new certificate issued.
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture
Exchange focused on lithium, gold, and other natural resource opportunities. AIS’s value
add strategy is to acquire early-stage projects and provide technical and financial support
to enhance their value. The Company is managed by a team of experienced engineers,
geologists, and investment bankers, with a track-record of successful capital market
achievements.
On Behalf of A.I.S. Resources Limited
Andrew Neale
President & CEO
Corporate Contact
For further information, please contact:
Martyn Element, Chairman of the Board
T: +1-604-220-6266
Website: www.aisresources.com
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A.I.S. Resources Limited
ADVISORY: This press release contains forward-looking statements. Although the Company
believes that the expectations reflected in these forward-looking statements are reasonable,
undue reliance should not be placed on them because the Company can give no assurance that
they will prove to be correct. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and uncertainties. The forward-
looking statements contained in this press release are made as of the date hereof and the
Company undertakes no obligations to update publicly or revise any forward-looking
statements or information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.