Aim Exploration Inc.

26 Sept 2017capital raising announcement▼ BadMajor

On September 11, 2017 Aim signed an equity line with L2 Capital letting it sell up to $5,000,000 of common stock at 75% of a low market price through September 2020, with no obligation to sell. It also issued L2 an $150,000 commitment note and a $222,222 note (of which $60,000 was funded in two tranches) plus a warrant for 9,258,535 shares. Both notes can convert into common stock at 60% of the lowest recent trading price if the company defaults, so these terms could dilute existing shareholders.

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20 Oct 2014capital raising announcement● NeutralMajor

On October 15, 2014 Aim agreed to acquire 40% of Paladino Mining and Development Corp., which owns 648 hectares in Ilocos Norte, Philippines (feldspar, silica, limestone). In exchange Aim will issue 5 million common shares (held in escrow until conditions are met), pay 540,000 Philippine Pesos, and transfer its 40% stake in the Raval Mining Claim to Paladino.

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4 Sept 2014capital raising announcement▼ BadMajor

On September 3, 2014 Aim Exploration issued 100,000 Series A Preferred shares to director Guil Rivera for services. These shares carry 67% of the voting power on shareholder matters, are not convertible into common stock, and rank equally with common stock on liquidation, so Rivera now controls 67% of the vote (a change in control) while ordinary shareholders hold the remainder.

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