A.I.S. Resources Ltd. is pleased to announce that further to its news release of May 19, 2020, the Company has finalized its settlement with MGX Minerals Inc. . On November 1, 2019, the Company commenced an action against MGX in the Supreme Court of British Columbia claiming unpaid fees for exploration and related services. In May 2020, AIS entered into a settlement agreement whereby AIS was to receive shares in MGX in [...]
A.I.S. Resources Ltd. announces that the Company has signed the definitive agreement , to acquire the Yalgogrin advanced gold project . Acquisition Terms Under the terms of the Agreement, upon receipt of TSXV acceptance AIS will acquire a 60% interest in the Yalgogrin Gold Project in exchange for a cash payment of AU$275,000 , and the issuance of four million AIS common shares. AIS has an obligation to incur exploration [...]
A.I.S. Resources Ltd. announces that the Company has granted a total of 1,550.000 incentive stock options to various directors of the Company in accordance with the Company’s stock option plan. Each Option is exercisable into one common share of the Company at a price of $0.075 per Share being the closing price of the Shares on the TSX Venture Exchange on October 2, 2020. The Options vested on grant and will expire on [...]
A.I.S. Resources Ltd. continues due diligence on its new Kingston Gold Project. This advanced gold project is located in Victoria’s Golden Triangle in Australia and encompasses two areas – the North Kingston EL and the Ararat EL under one exploration licence number EL006318. The Ararat EL is adjacent to Navarre Minerals and Stavely Minerals. The North Kingston EL is surrounded by Providence Gold and Navarre [...]
A.I.S. Resources Ltd. today announced the Company has been granted an option to conduct due diligence and formalize a sale and purchase agreement in respect of the Kingston Gold Project near Navarre, in north-western Victoria, Australia. The Company and the Optionor have agreed to use their best endeavours to settle the form of and execute a definitive sale and purchase agreement on or before November 16, 2020 for the [...]
A.I.S. Resources Ltd. announces management’s plans to fast track its drilling program on the Company’s new Fosterville-Toolleen Gold Project the, located only 12 km from Kirkland Lake's 7.58 Moz Au Fosterville Gold Mine in Victoria, Australia. Chairman of AIS, Martyn Element commented, “The plans to fast track a drilling program at our new Fosterville-Toolleen Gold project are now our immediate focus [...]
A.I.S. Resources Ltd. announces that due diligence on the Yalgogrin Orogenic Gold Project , has been completed with a three-day project inspection of the historic mines and geology on ELA6030 and EL5891. Twelve drill core samples from EL5891 have been verified as correct and show a strong correlation. Fig 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/0b55828a-809f-469e-97e9-2f5ce72d5dde Fig 2 [...]
A.I.S. Resources Ltd. announces that the Company has granted a total of 2,465,000 incentive stock options to various directors, officers, employees, and consultants of the Company in accordance with the Company’s stock option plan. Each Option is exercisable into one common share of the Company at a price of $0.07 per Share being the closing price of the Shares on the TSX Venture Exchange on August 25, 2020. The Options [...]
A.I.S. Resources Ltd. announces that on August 24th, 2020 the Company entered into a Binding Letter of Intent with Providence Gold and Minerals Pty Ltd , to acquire the Toolleen-Fosterville Gold project located 3 km from the township of Toolleen and 12 km from the Kirkland Lake Fosterville gold mine. The Project is situated on freehold land and has no native title claim. Fig 1 [...]
A.I.S. Resources announces that it has entered into a debt settlement agreement to settle $117,046 USD in debt owing to Energold Argentina. Under the terms of the debt settlement agreement AIS will pay $75,000 USD in cash and issue 143,463 common shares having a market value of $5,000 USD to Energold. The deemed price of the 143,463 common shares is $0.046 per share which was calculated by using the volume weighted [...]
A.I.S. Resources Ltd. announces that it has closed its non-brokered Private Placement of 27,833,333 Units of the Company at $0.03 per unit for gross proceeds of to $835,000. Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of [...]
A.I.S. Resources Ltd. announces that it is amending the price of the previously announced non-brokered private placement from $0.04 to $0.03 per unit. and increasing gross proceeds to up to $835,000. The private placement at the revised price will consist of up 27,833,333 units for gross proceeds of up to $835,000. Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will [...]
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