A.I.S. Resources Provides Bi-Weekly Default Status Report
The Company was not able to complete the year-end audit within the time periods required by National Instrument 51-102 due to the delay in commencing the audit owning to insufficient funds. As a result, the Company requires additional time to file the Annual Filings.
The Company's audit is substantially completed. The Company is organizing funds to complete the audit. The Company expects to file its Annual Filings as soon as they are available, but in any event no later than September 29, 2025, and will issue a news release once they have been filed.
Pursuant to NP 12-203, the Company must file bi-weekly default status reports in the form of further news releases during the period of the MCTO. The Company reports that it is working diligently with its auditors to complete the audit in a timely manner and since its news release of July 30, 2025, there have been no material changes regarding the information contained in that news release. The Company confirms there have been no failures by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203, and there has not been, nor is there anticipated to be, any specified default subsequent to the default announced in the Company's news release of July 30, 2025. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this news release.
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded company listed on the TSX Venture Exchange. The Company focuses on natural resource opportunities, aiming to unlock value by acquiring early-stage projects and providing the necessary technical and financial support to develop them. AIS is guided by a seasoned team of engineers, geologists, and finance professionals with a proven track record of success in capital markets.
On Behalf of A.I.S. Resources Limited
Martyn Element
Chairman
Corporate Contact
For further information, please contact:
Martyn Element, Chairman of the Board
T: +1-604-220-6266
E: melement@aisresources.com
Website: www.aisresources.com
ADVISORY: This press release contains forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
27 minutes ago
- CTV News
Air Canada flight attendants officially begin strike
Air Canada flight attendants will walk off the job in a few hours, the union rejecting binding arbitration on Friday.
CBC
28 minutes ago
- CBC
Air Canada flight attendants walk off the job as strike begins
More than 10,000 Air Canada flight attendants went on strike as of 12:58 a.m. ET Saturday, after the airline and the union representing them failed to reach a deal ahead of the deadline. The Canada Union of Public Employees, or CUPE, gave a 72-hour strike notice on Wednesday after midnight. Air Canada responded shortly after by saying it would lock out workers, and began winding down operations on Thursday with a gradual suspension of flights. With a work stoppage now in effect, Air Canada estimates that 130,000 customers will be affected each day of a strike, a figure that includes 25,000 Canadian travellers who are abroad. The strike began after talks between CUPE and Air Canada reached an impasse, with wages and ground pay — which compensates flight attendants for work while the plane is grounded — among the key sticking points keeping the parties from reaching a deal. Earlier this week, Air Canada formally proposed to CUPE that the parties use binding arbitration to negotiate the renewal of a 10-year collective agreement that expired in March. CUPE declined to use arbitration, a process that would have an arbitrator render a decision about specific items the parties can't agree on. CUPE has maintained it wants to stay at the negotiating table and have the two sides come to an agreement themselves. Air Canada asked federal Jobs Minister Patty Hajdu to make a referral under Section 107 of the Canada Labour Code to send the negotiations to binding interest arbitration. Hajdu gave CUPE until noon on Friday to respond, and they declined.
CBC
an hour ago
- CBC
Horse racing ends in Surrey as city reclaims Fraser Downs land for redevelopment
New Fraser Downs is one of two horse racing tracks in B.C. and only racetrack for standardbred horses Horse racing at Fraser Downs in Surrey, B.C. has come to an end after nearly 50 years, as the city moves to redevelop the land for housing and other public amenities. Great Canadian Entertainment, which owns and operates the track, said Friday the closure takes effect immediately though the adjacent Elements Casino Surrey will remain open. The decision follows notice from the City of Surrey, which owns the Cloverdale Fairgrounds where the racetrack is located, that it is terminating the lease. Mayor Brenda Locke says the land, which occupies about five hectares of the Fairgrounds, will be folded into the city's broader redevelopment plans for Cloverdale Fairgrounds, which include new housing, a $3 billion hospital, public spaces, cultural facilities and expanded recreation amenities. Image | Harness racing Caption: Standardbred horses are trained and participate in harness racing at the Fraser Downs racetrack in Surrey. The track opened in 1976, under the name Cloverdale Raceway before being rebranded as Fraser Downs in 1996. (Harness Racing B.C./Facebook) Open image in new tab "Our city is growing rapidly toward one million residents," she said in a statement to CBC News. "Ending the lease with Fraser Downs allows us to begin critical planning to revitalize the Cloverdale Fairgrounds and Town Centre…this is a city-building decision about using public land for the greatest public good." The Fraser Downs is one of two horse racing tracks in B.C., and the only racetrack for standardbred horses. It opened in 1976 as Cloverdale Raceway and was rebranded in 1996. "We respect the long history of horse racing in Surrey and the people connected to it," Locke said. "We carefully weighed those impacts against the city-wide benefits of revitalization." The announcement comes months after Great Canadian Entertainment ordered the stables closed to address a longstanding rat infestation at the site. Horse owners and trainers said the facility was unique in Metro Vancouver and critical for housing and training animals ahead of the fall racing season. At the time, Harness Racing B.C. said the closure would affect about 218 members, including up to 100 people employed during racing season. The organization launched a legal challenge against the closure but lost after the B.C. Supreme Court ruled in May that the temporary closure to address the infestation did not constitute "irreparable harm" to the industry. No horses have been stabled at Fraser Downs since late May.
