A.I.S. Resources closes $81,000 private placement, sells Buda Juice stake

A.I.S. Resources Limited (TSXV: AIS, OTC: AISSF) closed a non-brokered private placement on September 29, raising $81,000 through the sale of 2.7 million shares at $0.03 per share, according to a company statement.

The Vancouver-based company used proceeds for audit fees and general office expenses. No finder fees were paid in connection with the placement, and all securities are subject to a four-month hold period under Canadian securities laws. The transaction requires final acceptance from the TSX Venture Exchange.

A.I.S. Resources completed the sale of 25% of its interest in Buda Juice LLC for $500,000 on November 17. The company had previously announced plans for additional tranches of the private placement but decided not to proceed with further offerings.

The company applied for reinstatement to trading with the TSX Venture Exchange on November 19, following the revocation of a failure-to-file cease trade order by the British Columbia Securities Commission on November 14. The exchange is conducting a review process in connection with the reinstatement application.

A.I.S. Resources disclosed that it issued a $139,149 promissory note to Panopus Plc on December 23, 2021. The note, which carries 10% annual interest and is payable within five business days of demand, was issued to a company controlled by former director and CEO Phillip Thomas. The company repaid $50,000 of the principal during 2022, with proceeds originally used to acquire the Bright property.

The company withdrew a previously announced private placement that was disclosed on October 17, 2024. A.I.S. Resources focuses on natural resource opportunities and early-stage project development.

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