AIS Resources announces private placement to raise C$150,000

A.I.S. Resources Limited (TSXV: AIS, OTC-PINK: AISSF) announced a non-brokered private placement of up to 5 million common shares at C$0.03 per share to raise gross proceeds of C$150,000. The Vancouver-based company stated the funds will be used for general working capital.

The private placement requires acceptance by the TSX Venture Exchange and securities issued will be subject to a four-month hold period under Canadian securities laws. Directors and officers may participate in the offering, which qualifies as a related party transaction under Multilateral Instrument 61-101 but is exempt from minority approval requirements.

The company provided its bi-weekly default status report following a management cease trade order granted July 30, 2025. AIS failed to file annual financial statements and management's discussion and analysis for the year ended March 31, 2025, within the required 120-day period due to insufficient funds to complete the year-end audit.

AIS stated its audit is substantially completed and proceeds from the private placement will partially fund audit completion. The company expects to file its annual filings by September 29, 2025.

The company reported that Buda Juice LLC, in which AIS holds a minority stake, filed a Form S-1 registration statement with the Securities and Exchange Commission on August 27, 2025, for an initial public offering.

AIS Resources focuses on natural resource opportunities and is listed on the TSX Venture Exchange. The information is based on a company press release.

You May Also Be Interested In

• AMR Resources prices $250M IPO on Nasdaq at $10 per unit
• Csquare prices IPO at $21 per share, raising $1.01 billion
• Regenxbio prices $100M public offering of stock and warrants