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Aim Explorations Ltd. Announces Financing by Canaccord Genuity Corp.
Aim Explorations Ltd. Announces Financing by Canaccord Genuity Corp. Canada NewsWi...
About this update from Dmg Blockchain Solutions, Inc.
[{"type":"text","content":"\n\n\n\nAim Explorations Ltd. Announces Financing by Canaccord Genuity Corp.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 13, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nVANCOUVER, Nov. 13, 2017 /CNW/ - Aim Explorations Ltd. (TSX-V: AXN.H) (\"AIM\" and/or the \"Company\"), a capital pool company, is pleased to announce that DMG Blockchain Solutions Inc. (\"DMG\") and the Company have engaged Canaccord Genuity Corp. (the \"Canaccord\") to act as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents, who have agreed to sell on a commercially reasonable efforts basis through private placement subscription receipts (each, a \"Subscription Receipt\") at a price of C$0.80 per Subscription Receipt, subject to the approval by the TSX Venture Exchange (the \"Exchange\"), for gross proceeds up to C$10,000,000 (the \"Offering\"). The Offering is being completed in connection with the proposed qualifying transaction (the \"Transaction\") between AIM and DMG.  The Company and DMG have also granted Canaccord an option to increase the Offering by up to an additional fifteen percent (15%) at any time up to forty-eight (48) hours prior to the Closing Date (as defined below).  \n\nEach Subscription Receipt shall entitle the holder thereof to receive, upon satisfaction of the escrow release conditions on or before the escrow release deadline (the \"Escrow Release Deadline\"), including all conditions precedent to the Transaction being satisfied, and without payment of additional consideration therefor, one common share in the capital of AIM (the \"Resulting Issuer\") (each, a \"Resulting Issuer Share\"). Should the escrow release conditions not be satisfied by the Escrow Release Deadline, the Subscription Receipts will be cancelled and all proceeds from the sale of Subscription Receipts will be returned to subscribers.\n\nIt is anticipated that the Transaction will close by December...