AIS sources limited (TSXV: AIS,OTC:AISSF, OTC- PINK: AISSF) (“AIS” or the “Company”) announces that on September 29, 2025, the Company closed its non-brokered private placement of 2,700,000 shares (“Shares”) at a price of $0.03 per share for gross proceeds of $81,000 (the “Private Placement”). The Company has decided not to proceed with further tranches of the Private Placement.
The proceeds from the private placement were used for accounting costs and general office costs. There are no proposed payments to non-market parties of the Company, and to persons performing Investor Relations activities. There are no finder’s fees. 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 hold period of four months from the closing date, under applicable Canadian securities laws.
The company provides the following corporate update:
Buda juice
On November 17, 2025, the company completed the sale of 25% of its interest in Buda Juice LLC for USD$500,000.
Application for reinstatement of TSXV for trading
Following the November 14, 2025 revocation of the Company’s failure to file a trading order by the BCSC, the Company applied to resume trading with the TSX Venture Exchange on November 19, 2025. (the “Exchange”). In connection with the application for resumption of trading, the company is undergoing a stock exchange investigation. The Company recognizes and appreciates the patience of its shareholders and stakeholders during this process.
The Company is providing the following disclosures in connection with the Exchange’s review process.
Following the Company’s announcement on October 17, 2024, the Company has withdrawn the proposed private placement.
On December 23, 2021, the Company issued a promissory note with a principal amount of $139,149 to Panopus Plc, a company controlled by the Company’s former president and CEO, Phillip Thomas. The note is unsecured, payable within five working days of application, and bears interest at the rate of 10% per annum. The proceeds of the loan were used to purchase the Bright property. During the year ended December 21, 2022, the Company repaid $50,000 of the loan principal.
About AIS Resources Limited
AIS Resources Limited is a publicly traded company listed on the TSX Venture Exchange. The company focuses on the potential of natural resources and strives to unlock value by acquiring early-stage projects and providing the necessary technical and financial support to develop them. AIS is led by an experienced team of engineers, geologists and financial professionals with a proven track record of success in the capital markets.
On behalf of AIS Resources Limited
Martijn Element
Chair
Business contact
For more information please contact:
Martyn Element, Chairman of the Board of Directors
T: +1-604-220-6266
E: melement@aisresources.com
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 as the Company can give no assurance that they will prove to be correct. Because forward-looking statements relate to future events and circumstances, by their 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 obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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