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or Name

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AIS Resources Ltd
Symbol AIS
Shares Issued 111,888,162
Close 2020-10-20 C$ 0.07
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A.I.S. Resources completes settlement with MGX

2020-10-20 20:25 ET - News Release

Mr. Phillip Thomas reports


A.I.S. Resources Ltd., further to its news release of May 19, 2020, has finalized its settlement with MGX Minerals Inc.

On Nov. 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, A.I.S. entered into a settlement agreement whereby A.I.S. was to receive shares in MGX in exchange for a release of MGX and termination of its lawsuit against MGX. A.I.S. has received 3,705,733 MGX shares, has provided the release to MGX and has terminated its lawsuit against MGX in accordance with the settlement agreement.

About A.I.S. Resources Ltd.

A.I.S. Resources is a publicly traded investment issuer listed on the TSX Venture Exchange focused on precious- and base-metals exploration. The company is managed by a team of experienced mining and geological professionals, with a record of successful capital markets achievements. In July to August, 2020, A.I.S. entered into agreements to acquire and develop the Toolleen-Fosterville gold project in Victoria, Australia, and the Yalgogrin gold project in central New South Wales, Australia, and is currently doing due diligence on the Kingston EL6318.

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