Northwire Canada EditionWednesday, August 19, 2026
Northwire
TUF 0.695 +2.2% ALS 62.64 +1.9% COS 0.060 −7.7% STRM 0.440 +1.1% SRC 1.73 −0.6% BAG 0.205 +0.0% ANK 0.340 −2.9% VRB 0.085 +0.0% CPAU 0.140 +0.0% RES 0.025 +0.0% TKO 11.79 +1.7% DCOP 0.075 +7.1% HMR 0.475 −3.1% LITH 0.420 −4.5% MKA 0.750 −2.6% NGC 0.095 −20.8% TUF 0.695 +2.2% ALS 62.64 +1.9% COS 0.060 −7.7% STRM 0.440 +1.1% SRC 1.73 −0.6% BAG 0.205 +0.0% ANK 0.340 −2.9% VRB 0.085 +0.0% CPAU 0.140 +0.0% RES 0.025 +0.0% TKO 11.79 +1.7% DCOP 0.075 +7.1% HMR 0.475 −3.1% LITH 0.420 −4.5% MKA 0.750 −2.6% NGC 0.095 −20.8%
Financings

A.I.S. Resources arranges $150,000 private placement

AIS · Price

Executive Summary

  • A.I.S. Resources Ltd. announced a non‑brokered private placement of up to 5 million common shares at C$0.03 per share, targeting gross proceeds of C$150,000 for general working capital and to complete its year‑end audit.
  • The company filed a bi‑weekly default status report under National Policy 12‑203, confirming that the audit is substantially completed and that no further material defaults have occurred since the July 30 2025 cease‑trade order.
  • A.I.S. disclosed that its minority‑owned affiliate Buda Juice LLC has filed an S‑1 registration statement to pursue a U.S. IPO.

Key Details

  • Private Placement Terms
  • Up to 5,000,000 common shares.
  • Price: C$0.03 per share.
  • Expected gross proceeds: C$150,000.
  • Use of proceeds: general working capital and to fund completion of the year‑end audit.
  • Closing subject to TSX Venture Exchange acceptance; securities will carry a four‑month hold period under Canadian securities law.

  • Related Party Participation

  • Certain directors/officers may participate; transaction qualifies for exemption from minority approval under MI 61‑101 because neither the fair market value nor consideration exceeds 25 % of market cap.

  • Management Cease Trade Order (MCTO) Update

  • Voluntary MCTO granted by BC Securities Commission on July 30, 2025 due to inability to file FY 2025 annual financial statements and MD&A within the 120‑day deadline.
  • Audit is “substantially completed”; private placement proceeds will be partially used to finalize audit.
  • Company expects to file all required annual filings no later than September 29, 2025 and will issue a release upon filing.

  • Bi‑weekly Default Status Report (NP 12‑203)

  • No material changes since the July 30, 2025 release, other than those disclosed herein.
  • Company confirms compliance with alternative information guidelines; no additional defaults anticipated.

  • Buda Juice LLC Update

  • On August 27, 2025, Buda Juice LLC filed a Form S‑1 registration statement with the SEC to register common stock for an IPO.
  • A.I.S. Resources holds a minority equity stake in Buda Juice.

Notable Quotes

  • “The proceeds from this private placement will enable us to complete our audit and continue advancing our strategic initiatives,” said the company’s spokesperson.
Read the original news release →

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