A.I.S. Resources closes $43,135 private placement

Apr 28, 2025

2025-04-26 02:32 ET – News Release

Mr. Martyn Element reports

A.I.S. RESOURCES CLOSES NON-BROKERED PRIVATE PLACEMENT

A.I.S. Resources Ltd. has closed its non-brokered private placement of 1,232,417 units at a price of 3.5 cents per unit for gross proceeds of $43,135.

Each private placement unit consists of one common share and one transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of two years from the closing date of the offering at a price of five cents per common share.

Closing of the private placement is subject to final acceptance by the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws. Proceeds of the private placement will be used for general working capital purposes. There are no proposed payments to non-arm’s-length parties of the company and to persons conducting investor relations activities.

The participation of certain insiders, being related parties of A.I.S., means that the private placement is considered related-party transactions within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). 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 Section 5.5(b) as A.I.S. is not listed on a specified market within the meaning of MI 61-101 and Section 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 $2.5-million.

A.I.S.’s key gold projects in Australia:

Fosterville-Toolleen gold project:
- A.I.S. holds a 100-per-cent interest in the 28-square-kilometre Fosterville-Toolleen exploration licence (EL6001), located just 10 km east of Agnico Eagle’s renowned Fosterville gold mine.
- Promising drill targets have been identified at Toolleen, with geological characteristics similar to the high-grade Fosterville mine.
Bright gold project:
- A.I.S. has a 60-per-cent stake in the 58-square-kilometre Bright exploration licence (EL6194), with the option to acquire full ownership.
- The company is currently reviewing results from its 2023 drill program and is preparing to define additional high-potential drill targets.
Kingston gold project:
- A.I.S. holds a 100-per-cent interest in the 167-square-kilometre Kingston exploration licence (EL6318), which includes a small-scale mine with a 50-metre vertical shaft.
- A.I.S. will receive 15 per cent of the revenue from gold sales generated from the vendor’s mining activities outside of its prospecting licence.

These three properties, totalling over 250 square kilometres, are located in the highly prospective Lachlan fold belt in central Victoria, often referred to as the Golden Triangle. According to the Geological Survey of Victoria, up to 75 million ounces of gold may still be undiscovered in the region.

About A.I.S. Resources Ltd.

A.I.S. 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. A.I.S. is guided by a seasoned team of engineers, geologists and finance professionals with a proven record of success in capital markets.

We seek Safe Harbor.

https://aisresources.com/