A.I.S. Resources Limited settles $111,510 in debt with creditors by issuing 2,124,000 common shares at $0.0525 per share. The company also settles $503,026.40 in fees with directors and officers by issuing 7,186,091 common shares at $0.07 per share. These debt settlement agreements aim to improve the company’s financial position by reducing liabilities. The transactions are subject to TSX Venture Exchange approval and will have a four-month hold period. Certain insiders participating in the settlement make it a related party transaction exempt from certain approval requirements. A.I.S. Resources Limited focuses on natural resource opportunities, providing technical and financial support for early-stage projects.

Read more at GlobeNewswire: A.I.S. Resources Announces Debt Settlement