26/09/11 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2026-2875
A.I.S. RESOURCES LIMITED ("AIS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: September 11, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement (the "Agreement") dated June 1, 2026, between A.I.S. Resources Limited (the "Company") and an arm's length party (the "Optionor"). Pursuant to the terms of the Agreement, the Company may acquire a 100% interest in 150 mining claims covering approximately 6,300 hectares located near Saint John, New Brunswick, comprising the Frenchmans Creek property (88 claims) and the Grand Bay property (62 claims) (collectively, the "Property"). By way of consideration, the Company will make total cash payments of $90,000, issue a total of $200,000 worth of common shares to the Optionor over a four-year period, and incur approximately $187,450 in exploration work expenditures to maintain the claims in good standing. The price of the common shares to be issued will be calculated based on the 20-trading-day volume-weighted average price prior to the due date, subject to a minimum price of $0.135 per share. The Company has the option to pay cash in lieu of issuing common shares. Upon earning a 100% interest, the Property will be subject to a 2% Net Smelter Return (NSR) royalty in favor of the Optionor. The Company retains a Right of First Refusal to purchase 50% of the NSR royalty (1% NSR) from the Optionor for $1,000,000 in cash, or an agreed combination of cash and shares subject to the Exchange's prior approval.
For further details, please refer to the Company's news release dated June 1, 2026.
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