A.I.S. Resources Announces Debt Settlement

Executive Summary

• AIS Resources entered into debt settlement agreements to extinguish $111,510 of arm’s‑length creditor debt by issuing 2,124,000 common shares at a deemed price of $0.0525 per share.
• Additional settlements with directors and officers will retire $503,026.40 of outstanding fees in exchange for 7,186,091 common shares at a deemed price of $0.07 per share, subject to shareholder approval.
• All newly issued securities will be placed under a four‑month hold period and are pending acceptance by the TSX Venture Exchange.

Key Details

• Arm’s‑Length Debt Settlement: 2,124,000 common shares to be issued; aggregate consideration $111,510; deemed share price $0.0525.
• Directors & Officers Debt Settlement: 7,186,091 common shares to be issued; aggregate consideration $503,026.40; deemed share price $0.07.
• Shareholder Approval: The Directors and Officers transaction requires approval of disinterested shareholders as outlined in the Information Circular dated February 3 2026.
• Regulatory Treatment: Both transactions are considered related‑party transactions under MI 61‑101 but qualify for exemption because AIS is not listed on a specified market and the fair market value does not exceed $2,500,000.
• Hold Period: All shares issued in connection with these settlements will be subject to a four‑month hold period from the closing date pursuant to Canadian securities law.
• Purpose: The settlements are intended to improve AIS’s financial position by reducing existing liabilities.

Notable Quotes

“The debt settlement agreements will strengthen our balance sheet and provide greater flexibility as we continue to pursue growth opportunities,” – Marc Enright‑Morin, CEO.