A.I.S. Resources Announces Debt Settlement
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
A.I.S. Resources Announces Debt Settlement
Vancouver, B.C. – February 24, 2026 – A.I.S. Resources Limited (TSXV: AIS, OTC-Pink:
AISSF) (“AIS” or the “Company”) announces the Company has entered into debt
settlement agreements with various arm’s length creditors to settle an aggregate amount
of $111,510 in outstanding debt through the issuance of an aggregate of 2,124,000
common shares at a deemed price of $0.0525 per Common Share (the "Shares for Debt
Transactions").
The Company has also entered into debt settlement agreements with directors and
officers of the Company to settle an aggregate amount of $503,026.40 in outstanding fees
through the issuance of an aggregate of 7,186,091 common shares at a deemed price
of $0.07 per Common Share. The transaction is subject to disinterested shareholder
approval as more particularly described in the Company’s Information Circular dated
February 3, 2026 (the "Directors and Officers Shares for Debt Transactions").
The Company has entered into the debt settlement agreements to improve its financial
position by reducing its existing liabilities. The Shares for Debt Transactions and Directors
and Officers Shares for Debt Transactions are subject to acceptance by the TSX Venture
Exchange. All securities issued in connection with the debt settlement agreements will
be subject to a four-month hold period from the closing date under applicable Canadian
securities laws.
Under the debt settlement 7,186,091 shares will be issued to non-arm’s length parties in
settlement of $503,026.40. The participation of certain insiders, being "related parties"
of AIS means that the Directors and Officers Shares for Debt Transaction are considered
a related party transaction within the meaning of Multilateral Instrument 61-101 –
Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The related
party transactions will be exempt from minority approval, information circular and formal
valuation requirements of MI 61-101 pursuant to the exemptions contained in Sections
5.5(b) as AIS is not listed on a specified market within the meaning of MI 61-101 and
5.7(1)(b) of MI 61-101, as neither the fair market value of the gross securities to be issued
under the related party transactions nor the consideration to be paid by the insiders will
exceed $2,500,000.
About A.I.S. Resources Limited
A.I.S. Resources Limited 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. AIS is guided by a seasoned team of engineers,
geologists and finance professionals with a proven record of success in capital markets.
A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin, CEO
Corporate Contact
For further information, please contact:
Marc Enright-Morin, CEO
T: +1-778-892-5455
Website: www.aisresources.com
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.