AEXE News 01/17/2017 - 0.0225
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Aim Exploration Inc. $AEXE News
Last updated 01/17/2017 - 0.0225
Revised press release
Dec 21, 2016
OTC Disclosure & News Service
Henderson, NV -
Aim Exploration Inc. Unaware of Promotional Activities (revised)
Press Release â December 21, 2016 08:00 EDT
HENDERSON, NV, USA, December 21, 2016 - Aim Exploration Inc.
AIM Exploration Inc. unaware of any promotional activities
AIM Exploration Inc. was informed by the OTC on December 19, 2016 that there is promotional activity being performed. Prior to notification by the OTC on December 19, 2016 the company was not aware of any promotional activities. The Company has no knowledge or understanding of any promotional activities that effect the trading activity.
The Company, it officers, directors or any controlling shareholders have not, directly or indirectly, been involved in any way (including payment of a third-party) with the creation or distribution of promotional materials related to the Company and its securities and we further confirm the Company, its officers, directors or any controlling shareholders have not sold or purchased the Companyâs securities within the past 30 days.
The company currently has convertible instruments and the company has issued shares for convertible instruments allowing conversion to equity securities at a discount to market price. We refer you to the notes from the Consolidated Financial Statements dated August 31, 2016 filed within the 10K filed December 15, 2016, in addition we refer you to the subsequent events of the financial disclosure:
During the year ended August 31, 2016, the Company issued convertible notes with a principal balance of $233,302, with maturity dates ranging from February 29, 2016 to January 12, 2017, and an interest rate per annum ranging from 10% to 22%. The principal is convertible into common shares of the Company at a conversion rate equal to 50% - 60% of the lowest trading price of the Companyâs common stock for the fifteen prior trading days, as defined in the agreements.
During the year ended August 31, 2016, 1,862,835 common shares were issued in relation to conversion options exercised during the year valued at $156,439; $129,475 related to principal of the convertible notes, $15,864 to accrued interest, and $11,100 to fees.
During the year ended August 31, 2015, the Company issued convertible notes with a principal balance of $306,875, with maturity dates ranging from November 6, 2015 to July 22, 2016, and an interest rate per annum ranging from 8% to 12%. The principal is convertible into common shares of the Company at a conversion rate equal to 55% - 60% of the lowest trading price of the Companyâs common stock for the fifteen prior trading days, as defined in the agreements.
NOTE 9 â SUBSEQUENT EVENTS
AIM EXPLORATION INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS August 31, 2016
1. On September 12, 2016, the Company amended its authorized capital by increasing the number of authorized common shares from 250,000,000 common shares with a par value of $0.001 per common share to 1,500,000,000 common shares with a par value of $0.001 per common share. The amendment was passed by a majority of the Companyâs shareholders on September 9, 2016.
2. Subsequent to August 31, 2016, the Company issued 219,444,444 common shares to three directors in compensation for their services to August 31, 2016. The fair value of these shares was deemed to be $395,000.
3. Subsequent to August 31, 2016, the Company issued 220,000,000 common shares to Percana pursuant to the amended agreement outlined in Note 4. The fair value of these shares was deemed to be $220,000. (Restricted shares)
4. Subsequent to August 31, 2016, the Company issued 25,000,000 common shares in connection with services rendered. The fair value of these shares was $75,000. (restricted shares)
5. Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with the conversion of a related party convertible note with a face value of $100,000.
6. Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with debt repayment to a related party in the amount of $40,000.
7. Subsequent to August 31, 2016, the Company issued 110,000 preferred shares to a director in compensation for their services to August 31, 2016. Restricted Shares
8. On October 31, 2016, the Company closed an offering and offered 3,343,340 common shares for gross proceeds of $98,300. (Restricted shares).
Much of the world news of anthracite has been disseminated through our twitter page at www.twitter.com/aexeqb The purpose of propagating the news about anthracite is not intended to be self serving -- rather it is to show that we are in an energy hungry era and we need to look for ecologically low impacting energy resources.
We welcome our audience to view our web site http://aimexploration.com
We further welcome people to follow our twitter feed at www.twitter.com/aexeqb which has over 6,400 followers and growing. "This gives us indication that clean energy is a global concern and enforces our belief that is why we need to carry out our objective of mining clean high BTU anthracite coal." Says J.R. (Bob) Todhunter.
About Aim Exploration: The Company is a Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).
Forward-Looking Statements â¨Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations that are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. The Company is not basing its production on a feasibility study of mineral reserves that has demonstrated economic and technical viability. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact: info@aimexploration.com
Twitter: www.twitter.com/aexeqb or @aexedb
Website: www.aimexploration.com
AIM Exploration Inc.
J.R. (Bob) Todhunter
Source: Aim Exploration
Copyright © 2016 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration Launches Online Investor Relations Program via AGORACOM
Dec 21, 2016
OTC Disclosure & News Service
-
AIM Exploration Launches Online Investor Relations Program via AGORACOM
HENDERSON, NEVADA--(Marketwired - Dec 21, 2016) - AIM Exploration Inc. (OTCQB:AEXE) (AEXE or the "Company"
today announced that it has retained the services of AGORACOM Investor Relations ("AGORACOM" (http://www.agoracom.com) to provide online investor relations services. AGORACOM will specifically provide an online investor relations community for current shareholder communications, in addition to online marketing through search engines, social media networks and Tier-1 financial content partners for the purpose of attracting new shareholders.
Online investor relations maximizes the speed of communication, the degree of transparency and the access to company information. In response to overwhelming research data being generated by small-cap investors, the Company selected online investor relations to facilitate faster and more efficient communications with both current and prospective shareholders around the world.
Effective immediately, a customized and monitored AIM Exploration IR HUB will be available at http://agoracom.com/ir/AimExploration, allowing management to communicate with shareholders anytime and in near real-time through an electronic shareholder forum http://agoracom.com/ir/AimExploration/forums/discussion.
Moreover, the IR HUB will provide Company management with the ability to extend communications beyond text via audio messages, video presentations, Google Hangout Interviews, webcasts and podcasts.
James Robert (Bob) Todhunter, President commented, "We are excited to commence this campaign to both increase communications with our existing shareholders and to attract new shareholders to our company."
About AGORACOM
AGORACOM is the pioneer of online investor relations, online conferences and online branding services to North American small and mid-cap public companies, with more than 250 companies served. More than just lip service, AGORACOM is the home of more than 808K investors that visited 5.6 million times and read 52.4 million pages of information every year (Average 2008 - 2015).
AGORACOM traffic ranks within the top 0.5% of all websites around the world. These traffic results are independently tracked and verified by Google analytics. AGORACOM traffic can be attributed to its strategy of maintaining the cleanest, moderated small-cap discussion as a result of implementing the first ever Investor Controlled Stock Discussion Forums.
AGORACOM Founder, George Tsiolis, publishes the leading blog on small to mid cap investor relations. His 50 Small-Cap CEO Lessons are a must read for CEO's looking to increase their education and knowledge about online investor relations.
About AIM Exploration
AIM Exploration Inc. (AEXE) is a Henderson, Nevada headquartered company. AIM operates as a mining company focusing towards Anthracite production in Peru and worldwide marketing through a joint venture corporation with Prina Energy of India. The joint venture marketing arm is currently in the process of being formed and is intended to have the head office in Dubai, UEA.
The Anthracite Coal concessions are owned and/or controlled through their wholly owned subsidiary AIM Exploration SA. in Peru. AIM considers the mining concessions in Peru to be a high grade Anthracite Coal property in the Alto Chicama basin, in the province of Otuzco in Peru. AIM SA acquired these rights by purchasing these assets from Percana Mining Corp (Percana SA), a Peruvian corporation.
AIM Exploration Inc.
J.R. (Bob) Todhunter
info@aimexploration.com
www.twitter.com/aexeqb or @aexedb
www.aimexploration.com
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration unaware of promotional activities
Dec 21, 2016
OTC Disclosure & News Service
Henderson, NV -
Press Release â December 21, 2016 08:00 EDT
HENDERSON, NV, USA, December 21, 2016 - Aim Exploration Inc.
AIM Exploration Inc. unaware of any promotional activities
AIM Exploration Inc. was informed by the OTC on December 19, 2016 that there is promotional activity being performed. Prior to notification by the OTC on December 19, 2016 the company was not aware of any promotional activities. The Company has no knowledge or understanding of any promotional activities that effect the trading activity.
The Company, it officers, directors or any controlling shareholders have not, directly or indirectly, been involved in any way (including payment of a third-party) with the creation or distribution of promotional materials related to the Company and its securities and we further confirm the Company, its officers, directors or any controlling shareholders have sold or purchased the Companyâs securities within the past 30 days.
The company currently has convertible instruments and the company has issued shares for convertible instruments allowing conversion to equity securities at a discount to market price. We refer you to the notes from the Consolidated Financial Statements dated August 31, 2016 filed within the 10K filed December 15, 2016, in addition we refer you to the subsequent events of the financial disclosure:
During the year ended August 31, 2016, the Company issued convertible notes with a principal balance of $233,302, with maturity dates ranging from February 29, 2016 to January 12, 2017, and an interest rate per annum ranging from 10% to 22%. The principal is convertible into common shares of the Company at a conversion rate equal to 50% - 60% of the lowest trading price of the Companyâs common stock for the fifteen prior trading days, as defined in the agreements.
During the year ended August 31, 2016, 1,862,835 common shares were issued in relation to conversion options exercised during the year valued at $156,439; $129,475 related to principal of the convertible notes, $15,864 to accrued interest, and $11,100 to fees.
During the year ended August 31, 2015, the Company issued convertible notes with a principal balance of $306,875, with maturity dates ranging from November 6, 2015 to July 22, 2016, and an interest rate per annum ranging from 8% to 12%. The principal is convertible into common shares of the Company at a conversion rate equal to 55% - 60% of the lowest trading price of the Companyâs common stock for the fifteen prior trading days, as defined in the agreements.
NOTE 9 â SUBSEQUENT EVENTS
AIM EXPLORATION INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS August 31, 2016
1. On September 12, 2016, the Company amended its authorized capital by increasing the number of authorized common shares from 250,000,000 common shares with a par value of $0.001 per common share to 1,500,000,000 common shares with a par value of $0.001 per common share. The amendment was passed by a majority of the Companyâs shareholders on September 9, 2016.
2. Subsequent to August 31, 2016, the Company issued 219,444,444 common shares to three directors in compensation for their services to August 31, 2016. The fair value of these shares was deemed to be $395,000.
3. Subsequent to August 31, 2016, the Company issued 220,000,000 common shares to Percana pursuant to the amended agreement outlined in Note 4. The fair value of these shares was deemed to be $220,000. (Restricted shares)
4. Subsequent to August 31, 2016, the Company issued 25,000,000 common shares in connection with services rendered. The fair value of these shares was $75,000. (restricted shares)
5. Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with the conversion of a related party convertible note with a face value of $100,000.
6. Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with debt repayment to a related party in the amount of $40,000.
7. Subsequent to August 31, 2016, the Company issued 110,000 preferred shares to a director in compensation for their services to August 31, 2016. Restricted Shares
8. On October 31, 2016, the Company closed an offering and offered 3,343,340 common shares for gross proceeds of $98,300. (Restricted shares).
Much of the world news of anthracite has been disseminated through our twitter page at www.twitter.com/aexeqb The purpose of propagating the news about anthracite is not intended to be self serving -- rather it is to show that we are in an energy hungry era and we need to look for ecologically low impacting energy resources.
We welcome our audience to view our web site http://aimexploration.com
We further welcome people to follow our twitter feed at www.twitter.com/aexeqb which has over 6,400 followers and growing. "This gives us indication that clean energy is a global concern and enforces our belief that is why we need to carry out our objective of mining clean high BTU anthracite coal." Says J.R. (Bob) Todhunter.
About Aim Exploration: The Company is a Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).
Forward-Looking Statements â¨Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations that are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. The Company is not basing its production on a feasibility study of mineral reserves that has demonstrated economic and technical viability. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact: info@aimexploration.com
Twitter: www.twitter.com/aexeqb or @aexedb
Website: www.aimexploration.com
AIM Exploration Inc.
J.R. (Bob) Todhunter
Source: Aim Exploration
Copyright © 2016 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration Inc. Background and update as of Fall 2016
Nov 09, 2016
OTC Disclosure & News Service
Henderson, NV -
AIM Exploration Inc. (OTCQB:AEXE) is pleased to provide a comprehensive background and update as of Fall 2016
AIM Exploration Inc. was originally formed with the objective to develop a Feldspar mine in the Philippines and source other valuable mining properties worldwide. In mid 2014 AIM acquired what is considered a rich anthracite coal mining concessions in Peru from Percana Mining Corp., a privately held company. AIM continued to look at and consider other properties however none of the other properties AIM reviewed had the long term profitability potential AIM was looking for. During this period AIM continued to operate the Feldspar properties in the Philippines however in 2016 the change within the government in the Philippines made significant changes to mining laws which AIM studied and after careful consideration elected to cease all operations in the Philippines and concentrate all efforts and resources on the Peruvian properties in view of the high profit potential.
As stated above in mid 2014, Aim Exploration, Inc. entered into a Mining Concession Asset Acquisition Agreement with Percana Mining Corp.. Through this acquisition AIM acquired ownership/control over 1,000 hectares of mining concessions located in Peru.
Prior the completion of the acquisition AIM hired a USA geologist/ mining engineer (Mr. Karl Gurr of Gustafson and associates) to complete a site visit and review the previous documentation and reports previously obtained by Percana Mining Corp. Mr. Gurr provided a detailed report to AIM and based on this report AIM was confident the concessions would prove out. The concessions appeared to be rich with anthracite coal and all previous samples (and subsequent samples) tested indicated a very high quality of anthracite. The mining concession properties are adjoining properties, on one section of the property there were and continues to be approximately 20 operating mining tunnels that are, and continue to be operated by artesian miners who reside close by. AIM has continued to allow the artesian miners to operate on their own however the company has contracted with virtually every miner to work strictly for AIM. In addition, AIM, through the direction and guidance of Mr. Karl Gurr intends to further explore and develop the properties. One of the reports the previous owners (Percana) obtained by a qualified Peruvian geologists estimates there are in excess of six hundred million tons of coal within their properties, we must advise however this report is not 43-101 compliant and therefore cannot be relied upon for investment purposes however AIM believes strongly in the report.
From a background standpoint prior to AIM taking control of the property the previous owners worked very hard over a number of years developing a strong rapport with the local inhabitants in villages close to the mining site. Through their efforts they obtained approval from the locals to explore and develop the properties. AIM continues to work very closely with the previous owners as the current President & CEO of AIM was the President of Percana and the other director of Percana is very closely involved and will be overseeing the operations in Peru. AIM has developed very close relations with key people in Peru and has strong ties not only with the locals but with strong legal and accounting teams in Peru.
AIM has personnel in Peru working diligently to continue to develop operations within the country. AIM has spent a great deal of time developing and refining the infrastructure to ensure profitable operations, including but not limited to coal extraction from the existing tunnels, transportation of the coal from the mine site to a holding site in Trujillo (approx. 200 KM), and further transport to the Port of Salaverry located within 2 KM of the holding site. AIM has developed strong ties with the Port Authority and feels extremely confident of their co-operation.
The board of directors of AIM are seasoned professionals as is the case with all the individuals and firms they choose to work with, AIM carefully considers everyone they choose to work with as they must understand the underlying AIM philosophy ---- AIM cares! AIM not only cares about the people but cares about the environment. An example how much we care is we have over the years assisted members of the small communities close to the mine sites with medical needs, and helping the families and children in the communities through bring much needed medication, sporting equipment to the children and we even hold annual Christmas parties for the needy families.
Of late AIM, knowing that miners are working in less than desirous situations they recently hired a company Caduceus Software Systems Corp. (aka Caduceus) to work with the company to ensure the safest environment possible. Caduceus is a company that specializes in harsh environment situations and safety consulting, and can provide certificates for AIMâs mining crew. It is intended that Caduceus work with the miners and provide the AIM crew with Confined Space and Advanced Rescue entry and attendant certificates, Fall protection and Fall Arrest cards, Draeggar Monitoring training, and conduct FIT tests.
While AIM continues to set up and refine operations within Peru the President of AIM has been concentrating on the marketing of the anthracite coal. Over the years many potential purchasers have shown a great deal of interest working with AIM, however knowing and understanding the long term effects of developing marketing relationships AIM was very careful selecting the group they feel has the strongest long term potential for the shareholders of AIM. During the past 18 months AIM has developed a very strong working relationship with an Indian firm (Prina Energy) to market the coal. The relationship with the President of Prina Energy is very strong. After a site visit in Peru, Prina not only completely viewed the entire AIM properties but was also introduced to all AIM personnel in Peru and met with the key players in Peru and developed a strong understanding of the detailed logistics AIM has developed.
Through this association initially Prina Energy provided AIM with an LOI to purchase coal direct; however subsequent to that AIM and Prina have developed an even stronger relationship and is now in the final stages of setting up a joint venture operation head-quartered in Dubai UAE DMCC.
The DMCC was established in 2002 as a strategic initiative of the Government of Dubai with a mandate to provide the physical, market and financial infrastructure required to set up and operate a thriving commodities marketplace, today they are officially recognized as the largest Free Zone in the United Arab Emirates with over 12,000 registered companies under license.
Setting up the marketing arm in Dubai is a strategic move for long term growth and profitability for AIM, Prina has strong ties in the UAE not only with high level long term buyers but access to appropriate financing which AIM will require for operational working capital.
In addition, Prina, through close connections will attract the level of buyers needed to make AIM a profitable corporation over the long term.
This joint venture will be completely set up in the very near future and operations will commence.
It is anticipated that commencing January 2017 all the operations will be underway and shipping of coal is anticipated for March 2017.
About Aim Exploration:
The Company is an Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).
Forward-Looking Statements and Disclosures Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com
info@aimexploration.com
https://twitter.com/AEXEqb
Copyright © 2016 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Aim Exploration Announces An Exciting Joint Venture Agreement With Prina Energy In Dubai, UAE
Aug 16, 2016
OTC Disclosure & News Service
-
HENDERSON, Nev., Aug. 16, 2016 (GLOBE NEWSWIRE) -- AIM Exploration Inc. (OTCQB:AEXE) is excited to announce that it has entered into an agreement with Prina Energy to set up a joint venture company in Dubai, UAE. The joint venture is intended to be set up in the DMCC Free Trade Zone in Dubai, which is recognized as the largest Free Trade Zone in the United Arab Emirates, a marketplace known for thriving commodities. The new joint venture corporation will have the exclusive worldwide marketing rights for all anthracite coal produced through AIM.
The agreement calls for AIM Exploration Inc./AIM S.A. and Prina to each own and control 50%. Mr. Karan Dhaliwhal, President of Prina Energy, will be the CEO of the joint venture company, expected to be known as AIM Exploration, Dubai.
This is a very positive and strategic move for AIM as this will provide strong ties to the world market for anthracite with access to instrumental finance requirements.
Prina Energy is a privately held international trading company and is among Asia's leading international Mineral and Natural resources trading companies. With deep credit facilities, Prina is active over a wide spectrum of global markets and has access to a comprehensive portfolio of world-class commodities. Prina Energy has strong ties with the marketplace in India which is positioned to be the number one emerging market for anthracite coal.
Anthracite is a unique and rare metallurgical coal ideally used for steel manufacturing and metal processing.
Metallurgical coal together with iron ore are the principal raw materials used to make steel and India is concentrating towards major steel production.
The National Mineral Development Corporation (NMDC) of India has stated plans to invest upwards of $6 billion in the next eight years to achieve an iron ore mining capacity of 75 million tonnes per annum. Current capacity is at 48 million tonnes per annum. SAIL (Steel Authority of India) plans to invest US$23.8 billion to increase the steel production to 50 MTPA by 2025 and is currently expanding its capacity from 13 MTPA to 23 MTPA, at an investment of US$ 9.6 billion.
ArcelorMittal, one of the world’s leading steel makers, has agreed to a joint venture with Steel Authority of India Ltd (SAIL) to set up an automotive steel manufacturing facility in India. In addition, public sector mining giant, NMDC Ltd will set up a Greenfield 3-million tonnes per annum steel mill in Karnataka jointly with the state government at an estimated investment of US$ 2.8 billion.
A Project Monitoring Group (PMG) has been constituted under the Cabinet Secretariat to fast track various clearances/resolution of issues related to investments of US$ 152 million. The unavailability of Anthracite Coal in India creates a huge potential for coal as a fuel for the Indian Steel industry, which is growing at a progressive and steady pace. Huge scope for growth is offered by India’s comparatively low per capita steel consumption and the expected rise in consumption due to increased infrastructure construction and the thriving automobile and railways sectors.
Aim CEO Bob Todhunter states, “This the most positive and strategic move to be made by AIM, positioning AIM to move forward to become one of the strongest suppliers of anthracite coal worldwide.”
Forward-Looking Statements and Disclosures Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
The Company is not basing its production on a feasibility study of mineral reserves that has been prepared as defined under NI 43-101 that has demonstrated economic and technical viability which increases uncertainty and the specific economic and technical risks of failure associated with the companies production decisions.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com
info@aimexploration.com
https://twitter.com/aimexploration
Copyright © 2016 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Completed on the Formal Acquisition of the Remaining 60% of Peruvian Mining Concessions
Jun 29, 2016
OTC Disclosure & News Service
-
HENDERSON, Nev., June 29, 2016 (GLOBE NEWSWIRE) -- AIM Exploration Inc. (OTCQB:AEXE) is pleased to announce the formal acquisition of the final remaining mining concession in Peru. Initially when AIM acquired the mining concessions in Peru, two concessions were formally transferred and the third concession property known as Agujeros Negros MA-AG which makes up the remaining 60% had not yet been transferred to the Company. The Company did however have a formal registered Contract of Mining Assignment providing AIM with full rights and authorities over the concession. AIM completed the due diligence and the mining concession properties have now been fully transferred and are now registered to AIM.
This property is adjacent to the existing mining concession properties, while there is no active mining on the concessions as all the current artesian mining is contained to the other two concessions AIM is confident that active mining will commence shortly as it is expected the seams of high grade anthracite coal continues into these concessions.
Bob Todhunter stated, "Aim Exploration strongly believes that completing this milestone is just another giant step forward for the company adding more upside potential to the company in view of the fact Anthracite is such a valuable and highly sought after mineral on a worldwide scale."
Forward-Looking Statements: Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Copyright © 2016 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Positions Itself for Initial Production and adds Anthracite Industry Marketing division
Jun 21, 2016
OTC Disclosure & News Service
-
HENDERSON, Nev., June 21, 2016 (GLOBE NEWSWIRE) -- AIM Exploration Inc. (OTCQB:AEXE) is pleased to announce the appointment of Mr. Bill Mullins to its already strong advisory board. Bill has been involved with the Peruvian mining project for over 10 years. He and AIM President, Bob Todhunter, have both been involved with Percana Mining Corp., the former owners of the mining concessions in Peru.
Bill Mullins is a well-seasoned successful professional who is the President of a large commercial construction firm in Canada. Mr. Mullins has been involved with the Peru project for over ten years and it is intended that Mr. Mullins will oversee the mining operations in Peru. Mr. Mullins and his team of carefully selected individuals know and understand Peruvian culture and business and are well-connected professionals. The team will be responsible for carrying out all the logistics in Peru, working closely with Todhunter. AIM understands the importance of handling all the logistics in Peru and that marketing the anthracite coal is key to the success of the company.
Since AIM received the LOI from Prina Energy in India, Mr. Todhunter has maintained very close contact with the principals of Prina. It has become apparent that a strong marketing arm would be very beneficial to the company as India is well positioned to be the second largest steel producing country in the world. AIM will continue to work very closely with the principals of Prina and will be jointly working in India and worldwide in their joint efforts to ensure AIM is well-positioned to meet the ever increasing demands of high quality anthracite.
Anthracite is the highest-ranking coal. This is because it is harder, older and contains more carbon. It has lower moisture content, burns very hot and is the cleanest, most economical fossil fuel on the planet. Anthracite coal is a highly desired resource with a variety of applications. It is used primarily in the manufacturing of steel, cement production and electricity generation. 70% of steel production relies on coal (ref. World Coal Association, 2013), 200 kilos of coal are required to produce 1 ton of cement and 41% of global electricity relies on coal. Anthracite coal is in such high demand internationally that China stopped exporting its output since 2003.
While prices are yet to be specified in the LOI, the anticipated purchase price is expected to be in the neighborhood of USD $100 MT FOB Port of Salaverry with the projected cost of approx. USD $65 MT. If this pricing and cost holds true, AIM is well positioned to generate a healthy profit margin based on an LOI of 500,000 MT per year for a 5 year period. Bob Todhunter is very excited to market this valuable and highly sought after mineral on a worldwide scale.
Bob Todhunter stated, "Aim Exploration strongly believes that adding a marketing component for Anthracite Coal will add tremendous upside potential to the company because Anthracite is a valuable and highly sought after mineral on a worldwide scale, and coupled with a strong logistics and operational arm in Peru AIM is well-positioned to move forward."
Forward-Looking Statements: Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Copyright © 2016 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration Announces Potential Acquisition of Silica Properties in USA
Feb 11, 2016
OTC Disclosure & News Service
-
AIM Exploration Announces Potential Acquisition of Silica Properties in USA
HENDERSON, NV--(Marketwired - Feb 11, 2016) - AIM Exploration Inc. (OTCQB: AEXE) is excited to announce that it has entered into a preliminary agreement to acquire a privately owned company that owns Silica concessions in Utah USA.
Over the past year AIM has been working diligently to acquire the Silica rich properties of Crystal Sands. The deal AIM is ready to consummate and is expected to close by the end of Q-2. This would mean that AIM would acquire all the shareholdings of Crystal Sands. Crystal Sands currently holds mining concession rights including mining (metallic and non-metallic) permits for properties located in Utah consisting in excess of 600 acres which is rich in Silica. AIM has completed extensive research on this property and a Stim Lab report indicates the raw samples tested are in excess of 97% Silica. The property is strategically located within close proximity to transportation, easy road access with readily available access to water and electricity.
Bob Todhunter the company's CEO stated, "This acquisition works very well with our existing ownership in Paladino (producer of Feldspar) as both Feldspar and Silica are key ingredients for glass production and is expected to enhance the future profitability of AIM Exploration."
Forward-Looking Statements
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.AIMexploration.com
info@AIMexploration.com
https://twitter.com/AIMexploration
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Feldspar Business Is Heating Up in the Philippines for Aim Exploration, Inc.
Dec 17, 2015
OTC Disclosure & News Service
-
Feldspar Business Is Heating Up in the Philippines for Aim Exploration, Inc.
HENDERSON, NV--(Marketwired - Dec 17, 2015) - AIM Exploration Inc. (OTCQB: AEXE)
AIM Exploration Inc. is excited to announce their partially owned subsidiary in the Philippines, Paladino Mining and Development Corp has begun to get ready to deliver the increased 2016 order to Royal Tern Ceramics. Delivery is anticipated to start in January 2016.
The operations are going very well as the Paladino sales team has been working diligently to market their product to other major companies. The latest being Asia Breweries. Samples have been provided and testing is currently being conducted. Paladino representatives are confident the feldspar will meet their standards. Asia Brewery will be looking towards a supply of 500 tons per month.
In addition, San Miguel Breweries are completing testing and so far have indicated the tests should meet their high quality requirements and Paladino is getting positioned to supply their needs.
Paladino is also supplying and working with a group of researchers with the Polymer Research Laboratory located in the University of the Philippines Diliman. The group is conducting scientific research on the application of minerals as fillers to rubber, plastics, and other polymeric materials. The group will be testing the feldspar as feasible commercial filler for rubber and plastics, the researchers are very optimistic feldspar will work which opens up another lucrative market for the feldspar mineral.
J.R. (Bob) Todhunter, the company's CEO, stated, "This latest news is very exciting for our shareholders, and is the result of the hard work and efforts of our team on the ground in the Philippines. This also demonstrates our diversity of revenue and income streams and will serve our company well as we continue to move forward into the New Year."
About AIM Exploration, Inc.
AIM Exploration Inc. (OTCQB: AEXE) is a Nevada headquartered company with an operational office in Manila City, Philippines and Lima Peru. AIM operates as a junior mining company focusing on global mining, exploration and production. The company currently has two existing projects, a 40% interest in a Feldspar mine and production plant located in the Philippines and 100% ownership of an Anthracite coal project located in Peru. The Feldspar mine is currently producing and is currently undergoing upgrades for expanded production. The operation is controlled by Paladino Mining and Development Corp. The Anthracite Coal project, AIM owns and controls through its wholly-owned subsidiary Aim Exploration SA. It is considered to be high grade Anthracite Coal mining properties in the Alto Chicama basin, in the province of Otuzco in Peru.
Please read the original article here: https://upticknewswire.com/ feldspar-business-is-heating-up-in-the-philippines-for-aim-exploration-inc
Forward-Looking Statements
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com
info@aimexploration.com
https://twitter.com/aimexploration
Copyright © 2015 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration Announces Appointment of Dr. Carlos Arias Eguiguren to the Board of Directors
Dec 15, 2015
OTC Disclosure & News Service
-
AIM Exploration Announces Appointment of Dr. Carlos Arias Eguiguren to the Board of Directors
HENDERSON, NV--(Marketwired - Dec 15, 2015) - AIM Exploration Inc. (OTCQB: AEXE) is pleased to announce the appointment of Dr. Carlos Arias Eguiguren to its board of directors. Dr. Arias, 53, has sustained a long and distinguished career in the mining industry throughout the world. Dr. Arias is also a lawyer specializing in mining law. He was formally educated in Ecuador where he received a law degree in 1989 and later a doctorate in law in 2000. He received his Master's Degree in International Business Legal Studies (IBLS) in 1993 from the University of Exeter in the United Kingdom, followed by a diploma in transactional contracts from the International Development Law Institute in Rome, Italy that same year.
Dr. Arias is a former Director of the Ecuadorian Chamber of Mines, serving terms in 1996-1998 and 2001-2005. He has served with several mining companies and has been responsible for important mining projects pertaining to acquisition and development. From 1993-1995, Dr. Arias served as President of Ecuadorian Minerals Corporation (now International Minerals) and was charged with the acquisition and consolidation of the Gaby and Rio Blanco (formerly San Luis) mining projects. From 2001-2004, he served as General Manager of Aurelian Resources, where he was responsible for the acquisition of the La Zarza mining project and the consolidation of 35 concessions into a single 90,000-hectare project. From 2000-2008, Dr. Arias served as General Manager of Avalanche Resources, where he was instrumental in acquiring ten mining concessions in Ecuador and the Alto El Toro gold project in Colombia.
Currently, Dr. Arias serves as Vice President and Director of Fort St. James Nickel Corp. of British Colombia; General Manager of Lateegra Ecuador S.A.; associate of Investbank Corp.; and Executive Director for the Andean Region of OIS & Associates. Additionally, he maintains a busy legal practice, serving as advisor to many corporations.
The Company's Board of Directors looks to take advantage of Dr. Arias' knowledge and experiences, particularly in Peru, where he has aided projects in the provinces of Pataz, Pallasca, Piura, and El Oro. He was invited to speak at the World Mining Conferences in 2012 and 2013. Dr. Arias is fluent in English and Spanish.
J.R. (Bob) Todhunter, the company's CEO, stated, "We are extremely excited to welcome Dr. Arias to the Aim Exploration team and to our board of directors. His knowledge and working relationships will be instrumental in structuring and finalizing the labor and logistics plans necessary to complete our first delivery of coal to Prina Energy and then to continue those processes with our ongoing delivery commitments."
"I am highly honored to accept the invitation to join this prestigious company as a member of the Board of Directors," stated Dr. Arias, "I believe AIM Exploration's mining projects have a great potential and I am looking forward to contributing with my years of work experience. I feel that my own professional desires and goals are very much in line with that of Aim Exploration."
AIM Exploration Inc. (AEXE) operates as a junior mining company focused on global mining, exploration and production. Further Information on our projects can be found at www.aimexploration.com and followed at https://twitter.com/aimexploration.
About AIM Exploration, Inc.
AIM Exploration Inc. (AEXE) is a Nevada headquartered company with an operational office in Manila City, Philippines and Lima Peru. AIM operates as a junior mining company focusing on global mining, exploration and production. The company currently has two existing projects, a 40% interest in a Feldspar mine and production plant located in the Philippines and 100% ownership of an Anthracite coal project located in Peru. The Feldspar mine is currently producing and is currently undergoing upgrades for expanded production. The operation is controlled by Paladino Mining and Development Corp. The Anthracite Coal project, AIM owns and controls through its wholly owned subsidiary Aim Exploration SA. It is considered to be high grade Anthracite Coal mining properties in the Alto Chicama basin, in the province of Otuzco in Peru.
Please read the original article here: https://upticknewswire.com/aim-exploration-an...-directors
Forward-Looking Statements
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com
info@aimexploration.com
https://twitter.com/aimexploration
Copyright © 2015 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Last updated 01/17/2017 - 0.0225
Revised press release
Dec 21, 2016
OTC Disclosure & News Service
Henderson, NV -
Aim Exploration Inc. Unaware of Promotional Activities (revised)
Press Release â December 21, 2016 08:00 EDT
HENDERSON, NV, USA, December 21, 2016 - Aim Exploration Inc.
AIM Exploration Inc. unaware of any promotional activities
AIM Exploration Inc. was informed by the OTC on December 19, 2016 that there is promotional activity being performed. Prior to notification by the OTC on December 19, 2016 the company was not aware of any promotional activities. The Company has no knowledge or understanding of any promotional activities that effect the trading activity.
The Company, it officers, directors or any controlling shareholders have not, directly or indirectly, been involved in any way (including payment of a third-party) with the creation or distribution of promotional materials related to the Company and its securities and we further confirm the Company, its officers, directors or any controlling shareholders have not sold or purchased the Companyâs securities within the past 30 days.
The company currently has convertible instruments and the company has issued shares for convertible instruments allowing conversion to equity securities at a discount to market price. We refer you to the notes from the Consolidated Financial Statements dated August 31, 2016 filed within the 10K filed December 15, 2016, in addition we refer you to the subsequent events of the financial disclosure:
During the year ended August 31, 2016, the Company issued convertible notes with a principal balance of $233,302, with maturity dates ranging from February 29, 2016 to January 12, 2017, and an interest rate per annum ranging from 10% to 22%. The principal is convertible into common shares of the Company at a conversion rate equal to 50% - 60% of the lowest trading price of the Companyâs common stock for the fifteen prior trading days, as defined in the agreements.
During the year ended August 31, 2016, 1,862,835 common shares were issued in relation to conversion options exercised during the year valued at $156,439; $129,475 related to principal of the convertible notes, $15,864 to accrued interest, and $11,100 to fees.
During the year ended August 31, 2015, the Company issued convertible notes with a principal balance of $306,875, with maturity dates ranging from November 6, 2015 to July 22, 2016, and an interest rate per annum ranging from 8% to 12%. The principal is convertible into common shares of the Company at a conversion rate equal to 55% - 60% of the lowest trading price of the Companyâs common stock for the fifteen prior trading days, as defined in the agreements.
NOTE 9 â SUBSEQUENT EVENTS
AIM EXPLORATION INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS August 31, 2016
1. On September 12, 2016, the Company amended its authorized capital by increasing the number of authorized common shares from 250,000,000 common shares with a par value of $0.001 per common share to 1,500,000,000 common shares with a par value of $0.001 per common share. The amendment was passed by a majority of the Companyâs shareholders on September 9, 2016.
2. Subsequent to August 31, 2016, the Company issued 219,444,444 common shares to three directors in compensation for their services to August 31, 2016. The fair value of these shares was deemed to be $395,000.
3. Subsequent to August 31, 2016, the Company issued 220,000,000 common shares to Percana pursuant to the amended agreement outlined in Note 4. The fair value of these shares was deemed to be $220,000. (Restricted shares)
4. Subsequent to August 31, 2016, the Company issued 25,000,000 common shares in connection with services rendered. The fair value of these shares was $75,000. (restricted shares)
5. Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with the conversion of a related party convertible note with a face value of $100,000.
6. Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with debt repayment to a related party in the amount of $40,000.
7. Subsequent to August 31, 2016, the Company issued 110,000 preferred shares to a director in compensation for their services to August 31, 2016. Restricted Shares
8. On October 31, 2016, the Company closed an offering and offered 3,343,340 common shares for gross proceeds of $98,300. (Restricted shares).
Much of the world news of anthracite has been disseminated through our twitter page at www.twitter.com/aexeqb The purpose of propagating the news about anthracite is not intended to be self serving -- rather it is to show that we are in an energy hungry era and we need to look for ecologically low impacting energy resources.
We welcome our audience to view our web site http://aimexploration.com
We further welcome people to follow our twitter feed at www.twitter.com/aexeqb which has over 6,400 followers and growing. "This gives us indication that clean energy is a global concern and enforces our belief that is why we need to carry out our objective of mining clean high BTU anthracite coal." Says J.R. (Bob) Todhunter.
About Aim Exploration: The Company is a Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).
Forward-Looking Statements â¨Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations that are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. The Company is not basing its production on a feasibility study of mineral reserves that has demonstrated economic and technical viability. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact: info@aimexploration.com
Twitter: www.twitter.com/aexeqb or @aexedb
Website: www.aimexploration.com
AIM Exploration Inc.
J.R. (Bob) Todhunter
Source: Aim Exploration
Copyright © 2016 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration Launches Online Investor Relations Program via AGORACOM
Dec 21, 2016
OTC Disclosure & News Service
-
AIM Exploration Launches Online Investor Relations Program via AGORACOM
HENDERSON, NEVADA--(Marketwired - Dec 21, 2016) - AIM Exploration Inc. (OTCQB:AEXE) (AEXE or the "Company"
today announced that it has retained the services of AGORACOM Investor Relations ("AGORACOM" (http://www.agoracom.com) to provide online investor relations services. AGORACOM will specifically provide an online investor relations community for current shareholder communications, in addition to online marketing through search engines, social media networks and Tier-1 financial content partners for the purpose of attracting new shareholders. Online investor relations maximizes the speed of communication, the degree of transparency and the access to company information. In response to overwhelming research data being generated by small-cap investors, the Company selected online investor relations to facilitate faster and more efficient communications with both current and prospective shareholders around the world.
Effective immediately, a customized and monitored AIM Exploration IR HUB will be available at http://agoracom.com/ir/AimExploration, allowing management to communicate with shareholders anytime and in near real-time through an electronic shareholder forum http://agoracom.com/ir/AimExploration/forums/discussion.
Moreover, the IR HUB will provide Company management with the ability to extend communications beyond text via audio messages, video presentations, Google Hangout Interviews, webcasts and podcasts.
James Robert (Bob) Todhunter, President commented, "We are excited to commence this campaign to both increase communications with our existing shareholders and to attract new shareholders to our company."
About AGORACOM
AGORACOM is the pioneer of online investor relations, online conferences and online branding services to North American small and mid-cap public companies, with more than 250 companies served. More than just lip service, AGORACOM is the home of more than 808K investors that visited 5.6 million times and read 52.4 million pages of information every year (Average 2008 - 2015).
AGORACOM traffic ranks within the top 0.5% of all websites around the world. These traffic results are independently tracked and verified by Google analytics. AGORACOM traffic can be attributed to its strategy of maintaining the cleanest, moderated small-cap discussion as a result of implementing the first ever Investor Controlled Stock Discussion Forums.
AGORACOM Founder, George Tsiolis, publishes the leading blog on small to mid cap investor relations. His 50 Small-Cap CEO Lessons are a must read for CEO's looking to increase their education and knowledge about online investor relations.
About AIM Exploration
AIM Exploration Inc. (AEXE) is a Henderson, Nevada headquartered company. AIM operates as a mining company focusing towards Anthracite production in Peru and worldwide marketing through a joint venture corporation with Prina Energy of India. The joint venture marketing arm is currently in the process of being formed and is intended to have the head office in Dubai, UEA.
The Anthracite Coal concessions are owned and/or controlled through their wholly owned subsidiary AIM Exploration SA. in Peru. AIM considers the mining concessions in Peru to be a high grade Anthracite Coal property in the Alto Chicama basin, in the province of Otuzco in Peru. AIM SA acquired these rights by purchasing these assets from Percana Mining Corp (Percana SA), a Peruvian corporation.
AIM Exploration Inc.
J.R. (Bob) Todhunter
info@aimexploration.com
www.twitter.com/aexeqb or @aexedb
www.aimexploration.com
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration unaware of promotional activities
Dec 21, 2016
OTC Disclosure & News Service
Henderson, NV -
Press Release â December 21, 2016 08:00 EDT
HENDERSON, NV, USA, December 21, 2016 - Aim Exploration Inc.
AIM Exploration Inc. unaware of any promotional activities
AIM Exploration Inc. was informed by the OTC on December 19, 2016 that there is promotional activity being performed. Prior to notification by the OTC on December 19, 2016 the company was not aware of any promotional activities. The Company has no knowledge or understanding of any promotional activities that effect the trading activity.
The Company, it officers, directors or any controlling shareholders have not, directly or indirectly, been involved in any way (including payment of a third-party) with the creation or distribution of promotional materials related to the Company and its securities and we further confirm the Company, its officers, directors or any controlling shareholders have sold or purchased the Companyâs securities within the past 30 days.
The company currently has convertible instruments and the company has issued shares for convertible instruments allowing conversion to equity securities at a discount to market price. We refer you to the notes from the Consolidated Financial Statements dated August 31, 2016 filed within the 10K filed December 15, 2016, in addition we refer you to the subsequent events of the financial disclosure:
During the year ended August 31, 2016, the Company issued convertible notes with a principal balance of $233,302, with maturity dates ranging from February 29, 2016 to January 12, 2017, and an interest rate per annum ranging from 10% to 22%. The principal is convertible into common shares of the Company at a conversion rate equal to 50% - 60% of the lowest trading price of the Companyâs common stock for the fifteen prior trading days, as defined in the agreements.
During the year ended August 31, 2016, 1,862,835 common shares were issued in relation to conversion options exercised during the year valued at $156,439; $129,475 related to principal of the convertible notes, $15,864 to accrued interest, and $11,100 to fees.
During the year ended August 31, 2015, the Company issued convertible notes with a principal balance of $306,875, with maturity dates ranging from November 6, 2015 to July 22, 2016, and an interest rate per annum ranging from 8% to 12%. The principal is convertible into common shares of the Company at a conversion rate equal to 55% - 60% of the lowest trading price of the Companyâs common stock for the fifteen prior trading days, as defined in the agreements.
NOTE 9 â SUBSEQUENT EVENTS
AIM EXPLORATION INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS August 31, 2016
1. On September 12, 2016, the Company amended its authorized capital by increasing the number of authorized common shares from 250,000,000 common shares with a par value of $0.001 per common share to 1,500,000,000 common shares with a par value of $0.001 per common share. The amendment was passed by a majority of the Companyâs shareholders on September 9, 2016.
2. Subsequent to August 31, 2016, the Company issued 219,444,444 common shares to three directors in compensation for their services to August 31, 2016. The fair value of these shares was deemed to be $395,000.
3. Subsequent to August 31, 2016, the Company issued 220,000,000 common shares to Percana pursuant to the amended agreement outlined in Note 4. The fair value of these shares was deemed to be $220,000. (Restricted shares)
4. Subsequent to August 31, 2016, the Company issued 25,000,000 common shares in connection with services rendered. The fair value of these shares was $75,000. (restricted shares)
5. Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with the conversion of a related party convertible note with a face value of $100,000.
6. Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with debt repayment to a related party in the amount of $40,000.
7. Subsequent to August 31, 2016, the Company issued 110,000 preferred shares to a director in compensation for their services to August 31, 2016. Restricted Shares
8. On October 31, 2016, the Company closed an offering and offered 3,343,340 common shares for gross proceeds of $98,300. (Restricted shares).
Much of the world news of anthracite has been disseminated through our twitter page at www.twitter.com/aexeqb The purpose of propagating the news about anthracite is not intended to be self serving -- rather it is to show that we are in an energy hungry era and we need to look for ecologically low impacting energy resources.
We welcome our audience to view our web site http://aimexploration.com
We further welcome people to follow our twitter feed at www.twitter.com/aexeqb which has over 6,400 followers and growing. "This gives us indication that clean energy is a global concern and enforces our belief that is why we need to carry out our objective of mining clean high BTU anthracite coal." Says J.R. (Bob) Todhunter.
About Aim Exploration: The Company is a Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).
Forward-Looking Statements â¨Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations that are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. The Company is not basing its production on a feasibility study of mineral reserves that has demonstrated economic and technical viability. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact: info@aimexploration.com
Twitter: www.twitter.com/aexeqb or @aexedb
Website: www.aimexploration.com
AIM Exploration Inc.
J.R. (Bob) Todhunter
Source: Aim Exploration
Copyright © 2016 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration Inc. Background and update as of Fall 2016
Nov 09, 2016
OTC Disclosure & News Service
Henderson, NV -
AIM Exploration Inc. (OTCQB:AEXE) is pleased to provide a comprehensive background and update as of Fall 2016
AIM Exploration Inc. was originally formed with the objective to develop a Feldspar mine in the Philippines and source other valuable mining properties worldwide. In mid 2014 AIM acquired what is considered a rich anthracite coal mining concessions in Peru from Percana Mining Corp., a privately held company. AIM continued to look at and consider other properties however none of the other properties AIM reviewed had the long term profitability potential AIM was looking for. During this period AIM continued to operate the Feldspar properties in the Philippines however in 2016 the change within the government in the Philippines made significant changes to mining laws which AIM studied and after careful consideration elected to cease all operations in the Philippines and concentrate all efforts and resources on the Peruvian properties in view of the high profit potential.
As stated above in mid 2014, Aim Exploration, Inc. entered into a Mining Concession Asset Acquisition Agreement with Percana Mining Corp.. Through this acquisition AIM acquired ownership/control over 1,000 hectares of mining concessions located in Peru.
Prior the completion of the acquisition AIM hired a USA geologist/ mining engineer (Mr. Karl Gurr of Gustafson and associates) to complete a site visit and review the previous documentation and reports previously obtained by Percana Mining Corp. Mr. Gurr provided a detailed report to AIM and based on this report AIM was confident the concessions would prove out. The concessions appeared to be rich with anthracite coal and all previous samples (and subsequent samples) tested indicated a very high quality of anthracite. The mining concession properties are adjoining properties, on one section of the property there were and continues to be approximately 20 operating mining tunnels that are, and continue to be operated by artesian miners who reside close by. AIM has continued to allow the artesian miners to operate on their own however the company has contracted with virtually every miner to work strictly for AIM. In addition, AIM, through the direction and guidance of Mr. Karl Gurr intends to further explore and develop the properties. One of the reports the previous owners (Percana) obtained by a qualified Peruvian geologists estimates there are in excess of six hundred million tons of coal within their properties, we must advise however this report is not 43-101 compliant and therefore cannot be relied upon for investment purposes however AIM believes strongly in the report.
From a background standpoint prior to AIM taking control of the property the previous owners worked very hard over a number of years developing a strong rapport with the local inhabitants in villages close to the mining site. Through their efforts they obtained approval from the locals to explore and develop the properties. AIM continues to work very closely with the previous owners as the current President & CEO of AIM was the President of Percana and the other director of Percana is very closely involved and will be overseeing the operations in Peru. AIM has developed very close relations with key people in Peru and has strong ties not only with the locals but with strong legal and accounting teams in Peru.
AIM has personnel in Peru working diligently to continue to develop operations within the country. AIM has spent a great deal of time developing and refining the infrastructure to ensure profitable operations, including but not limited to coal extraction from the existing tunnels, transportation of the coal from the mine site to a holding site in Trujillo (approx. 200 KM), and further transport to the Port of Salaverry located within 2 KM of the holding site. AIM has developed strong ties with the Port Authority and feels extremely confident of their co-operation.
The board of directors of AIM are seasoned professionals as is the case with all the individuals and firms they choose to work with, AIM carefully considers everyone they choose to work with as they must understand the underlying AIM philosophy ---- AIM cares! AIM not only cares about the people but cares about the environment. An example how much we care is we have over the years assisted members of the small communities close to the mine sites with medical needs, and helping the families and children in the communities through bring much needed medication, sporting equipment to the children and we even hold annual Christmas parties for the needy families.
Of late AIM, knowing that miners are working in less than desirous situations they recently hired a company Caduceus Software Systems Corp. (aka Caduceus) to work with the company to ensure the safest environment possible. Caduceus is a company that specializes in harsh environment situations and safety consulting, and can provide certificates for AIMâs mining crew. It is intended that Caduceus work with the miners and provide the AIM crew with Confined Space and Advanced Rescue entry and attendant certificates, Fall protection and Fall Arrest cards, Draeggar Monitoring training, and conduct FIT tests.
While AIM continues to set up and refine operations within Peru the President of AIM has been concentrating on the marketing of the anthracite coal. Over the years many potential purchasers have shown a great deal of interest working with AIM, however knowing and understanding the long term effects of developing marketing relationships AIM was very careful selecting the group they feel has the strongest long term potential for the shareholders of AIM. During the past 18 months AIM has developed a very strong working relationship with an Indian firm (Prina Energy) to market the coal. The relationship with the President of Prina Energy is very strong. After a site visit in Peru, Prina not only completely viewed the entire AIM properties but was also introduced to all AIM personnel in Peru and met with the key players in Peru and developed a strong understanding of the detailed logistics AIM has developed.
Through this association initially Prina Energy provided AIM with an LOI to purchase coal direct; however subsequent to that AIM and Prina have developed an even stronger relationship and is now in the final stages of setting up a joint venture operation head-quartered in Dubai UAE DMCC.
The DMCC was established in 2002 as a strategic initiative of the Government of Dubai with a mandate to provide the physical, market and financial infrastructure required to set up and operate a thriving commodities marketplace, today they are officially recognized as the largest Free Zone in the United Arab Emirates with over 12,000 registered companies under license.
Setting up the marketing arm in Dubai is a strategic move for long term growth and profitability for AIM, Prina has strong ties in the UAE not only with high level long term buyers but access to appropriate financing which AIM will require for operational working capital.
In addition, Prina, through close connections will attract the level of buyers needed to make AIM a profitable corporation over the long term.
This joint venture will be completely set up in the very near future and operations will commence.
It is anticipated that commencing January 2017 all the operations will be underway and shipping of coal is anticipated for March 2017.
About Aim Exploration:
The Company is an Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).
Forward-Looking Statements and Disclosures Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com
info@aimexploration.com
https://twitter.com/AEXEqb
Copyright © 2016 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Aim Exploration Announces An Exciting Joint Venture Agreement With Prina Energy In Dubai, UAE
Aug 16, 2016
OTC Disclosure & News Service
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HENDERSON, Nev., Aug. 16, 2016 (GLOBE NEWSWIRE) -- AIM Exploration Inc. (OTCQB:AEXE) is excited to announce that it has entered into an agreement with Prina Energy to set up a joint venture company in Dubai, UAE. The joint venture is intended to be set up in the DMCC Free Trade Zone in Dubai, which is recognized as the largest Free Trade Zone in the United Arab Emirates, a marketplace known for thriving commodities. The new joint venture corporation will have the exclusive worldwide marketing rights for all anthracite coal produced through AIM.
The agreement calls for AIM Exploration Inc./AIM S.A. and Prina to each own and control 50%. Mr. Karan Dhaliwhal, President of Prina Energy, will be the CEO of the joint venture company, expected to be known as AIM Exploration, Dubai.
This is a very positive and strategic move for AIM as this will provide strong ties to the world market for anthracite with access to instrumental finance requirements.
Prina Energy is a privately held international trading company and is among Asia's leading international Mineral and Natural resources trading companies. With deep credit facilities, Prina is active over a wide spectrum of global markets and has access to a comprehensive portfolio of world-class commodities. Prina Energy has strong ties with the marketplace in India which is positioned to be the number one emerging market for anthracite coal.
Anthracite is a unique and rare metallurgical coal ideally used for steel manufacturing and metal processing.
Metallurgical coal together with iron ore are the principal raw materials used to make steel and India is concentrating towards major steel production.
The National Mineral Development Corporation (NMDC) of India has stated plans to invest upwards of $6 billion in the next eight years to achieve an iron ore mining capacity of 75 million tonnes per annum. Current capacity is at 48 million tonnes per annum. SAIL (Steel Authority of India) plans to invest US$23.8 billion to increase the steel production to 50 MTPA by 2025 and is currently expanding its capacity from 13 MTPA to 23 MTPA, at an investment of US$ 9.6 billion.
ArcelorMittal, one of the world’s leading steel makers, has agreed to a joint venture with Steel Authority of India Ltd (SAIL) to set up an automotive steel manufacturing facility in India. In addition, public sector mining giant, NMDC Ltd will set up a Greenfield 3-million tonnes per annum steel mill in Karnataka jointly with the state government at an estimated investment of US$ 2.8 billion.
A Project Monitoring Group (PMG) has been constituted under the Cabinet Secretariat to fast track various clearances/resolution of issues related to investments of US$ 152 million. The unavailability of Anthracite Coal in India creates a huge potential for coal as a fuel for the Indian Steel industry, which is growing at a progressive and steady pace. Huge scope for growth is offered by India’s comparatively low per capita steel consumption and the expected rise in consumption due to increased infrastructure construction and the thriving automobile and railways sectors.
Aim CEO Bob Todhunter states, “This the most positive and strategic move to be made by AIM, positioning AIM to move forward to become one of the strongest suppliers of anthracite coal worldwide.”
Forward-Looking Statements and Disclosures Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
The Company is not basing its production on a feasibility study of mineral reserves that has been prepared as defined under NI 43-101 that has demonstrated economic and technical viability which increases uncertainty and the specific economic and technical risks of failure associated with the companies production decisions.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com
info@aimexploration.com
https://twitter.com/aimexploration
Copyright © 2016 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Completed on the Formal Acquisition of the Remaining 60% of Peruvian Mining Concessions
Jun 29, 2016
OTC Disclosure & News Service
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HENDERSON, Nev., June 29, 2016 (GLOBE NEWSWIRE) -- AIM Exploration Inc. (OTCQB:AEXE) is pleased to announce the formal acquisition of the final remaining mining concession in Peru. Initially when AIM acquired the mining concessions in Peru, two concessions were formally transferred and the third concession property known as Agujeros Negros MA-AG which makes up the remaining 60% had not yet been transferred to the Company. The Company did however have a formal registered Contract of Mining Assignment providing AIM with full rights and authorities over the concession. AIM completed the due diligence and the mining concession properties have now been fully transferred and are now registered to AIM.
This property is adjacent to the existing mining concession properties, while there is no active mining on the concessions as all the current artesian mining is contained to the other two concessions AIM is confident that active mining will commence shortly as it is expected the seams of high grade anthracite coal continues into these concessions.
Bob Todhunter stated, "Aim Exploration strongly believes that completing this milestone is just another giant step forward for the company adding more upside potential to the company in view of the fact Anthracite is such a valuable and highly sought after mineral on a worldwide scale."
Forward-Looking Statements: Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Copyright © 2016 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Positions Itself for Initial Production and adds Anthracite Industry Marketing division
Jun 21, 2016
OTC Disclosure & News Service
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HENDERSON, Nev., June 21, 2016 (GLOBE NEWSWIRE) -- AIM Exploration Inc. (OTCQB:AEXE) is pleased to announce the appointment of Mr. Bill Mullins to its already strong advisory board. Bill has been involved with the Peruvian mining project for over 10 years. He and AIM President, Bob Todhunter, have both been involved with Percana Mining Corp., the former owners of the mining concessions in Peru.
Bill Mullins is a well-seasoned successful professional who is the President of a large commercial construction firm in Canada. Mr. Mullins has been involved with the Peru project for over ten years and it is intended that Mr. Mullins will oversee the mining operations in Peru. Mr. Mullins and his team of carefully selected individuals know and understand Peruvian culture and business and are well-connected professionals. The team will be responsible for carrying out all the logistics in Peru, working closely with Todhunter. AIM understands the importance of handling all the logistics in Peru and that marketing the anthracite coal is key to the success of the company.
Since AIM received the LOI from Prina Energy in India, Mr. Todhunter has maintained very close contact with the principals of Prina. It has become apparent that a strong marketing arm would be very beneficial to the company as India is well positioned to be the second largest steel producing country in the world. AIM will continue to work very closely with the principals of Prina and will be jointly working in India and worldwide in their joint efforts to ensure AIM is well-positioned to meet the ever increasing demands of high quality anthracite.
Anthracite is the highest-ranking coal. This is because it is harder, older and contains more carbon. It has lower moisture content, burns very hot and is the cleanest, most economical fossil fuel on the planet. Anthracite coal is a highly desired resource with a variety of applications. It is used primarily in the manufacturing of steel, cement production and electricity generation. 70% of steel production relies on coal (ref. World Coal Association, 2013), 200 kilos of coal are required to produce 1 ton of cement and 41% of global electricity relies on coal. Anthracite coal is in such high demand internationally that China stopped exporting its output since 2003.
While prices are yet to be specified in the LOI, the anticipated purchase price is expected to be in the neighborhood of USD $100 MT FOB Port of Salaverry with the projected cost of approx. USD $65 MT. If this pricing and cost holds true, AIM is well positioned to generate a healthy profit margin based on an LOI of 500,000 MT per year for a 5 year period. Bob Todhunter is very excited to market this valuable and highly sought after mineral on a worldwide scale.
Bob Todhunter stated, "Aim Exploration strongly believes that adding a marketing component for Anthracite Coal will add tremendous upside potential to the company because Anthracite is a valuable and highly sought after mineral on a worldwide scale, and coupled with a strong logistics and operational arm in Peru AIM is well-positioned to move forward."
Forward-Looking Statements: Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Copyright © 2016 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration Announces Potential Acquisition of Silica Properties in USA
Feb 11, 2016
OTC Disclosure & News Service
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AIM Exploration Announces Potential Acquisition of Silica Properties in USA
HENDERSON, NV--(Marketwired - Feb 11, 2016) - AIM Exploration Inc. (OTCQB: AEXE) is excited to announce that it has entered into a preliminary agreement to acquire a privately owned company that owns Silica concessions in Utah USA.
Over the past year AIM has been working diligently to acquire the Silica rich properties of Crystal Sands. The deal AIM is ready to consummate and is expected to close by the end of Q-2. This would mean that AIM would acquire all the shareholdings of Crystal Sands. Crystal Sands currently holds mining concession rights including mining (metallic and non-metallic) permits for properties located in Utah consisting in excess of 600 acres which is rich in Silica. AIM has completed extensive research on this property and a Stim Lab report indicates the raw samples tested are in excess of 97% Silica. The property is strategically located within close proximity to transportation, easy road access with readily available access to water and electricity.
Bob Todhunter the company's CEO stated, "This acquisition works very well with our existing ownership in Paladino (producer of Feldspar) as both Feldspar and Silica are key ingredients for glass production and is expected to enhance the future profitability of AIM Exploration."
Forward-Looking Statements
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.AIMexploration.com
info@AIMexploration.com
https://twitter.com/AIMexploration
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Feldspar Business Is Heating Up in the Philippines for Aim Exploration, Inc.
Dec 17, 2015
OTC Disclosure & News Service
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Feldspar Business Is Heating Up in the Philippines for Aim Exploration, Inc.
HENDERSON, NV--(Marketwired - Dec 17, 2015) - AIM Exploration Inc. (OTCQB: AEXE)
AIM Exploration Inc. is excited to announce their partially owned subsidiary in the Philippines, Paladino Mining and Development Corp has begun to get ready to deliver the increased 2016 order to Royal Tern Ceramics. Delivery is anticipated to start in January 2016.
The operations are going very well as the Paladino sales team has been working diligently to market their product to other major companies. The latest being Asia Breweries. Samples have been provided and testing is currently being conducted. Paladino representatives are confident the feldspar will meet their standards. Asia Brewery will be looking towards a supply of 500 tons per month.
In addition, San Miguel Breweries are completing testing and so far have indicated the tests should meet their high quality requirements and Paladino is getting positioned to supply their needs.
Paladino is also supplying and working with a group of researchers with the Polymer Research Laboratory located in the University of the Philippines Diliman. The group is conducting scientific research on the application of minerals as fillers to rubber, plastics, and other polymeric materials. The group will be testing the feldspar as feasible commercial filler for rubber and plastics, the researchers are very optimistic feldspar will work which opens up another lucrative market for the feldspar mineral.
J.R. (Bob) Todhunter, the company's CEO, stated, "This latest news is very exciting for our shareholders, and is the result of the hard work and efforts of our team on the ground in the Philippines. This also demonstrates our diversity of revenue and income streams and will serve our company well as we continue to move forward into the New Year."
About AIM Exploration, Inc.
AIM Exploration Inc. (OTCQB: AEXE) is a Nevada headquartered company with an operational office in Manila City, Philippines and Lima Peru. AIM operates as a junior mining company focusing on global mining, exploration and production. The company currently has two existing projects, a 40% interest in a Feldspar mine and production plant located in the Philippines and 100% ownership of an Anthracite coal project located in Peru. The Feldspar mine is currently producing and is currently undergoing upgrades for expanded production. The operation is controlled by Paladino Mining and Development Corp. The Anthracite Coal project, AIM owns and controls through its wholly-owned subsidiary Aim Exploration SA. It is considered to be high grade Anthracite Coal mining properties in the Alto Chicama basin, in the province of Otuzco in Peru.
Please read the original article here: https://upticknewswire.com/ feldspar-business-is-heating-up-in-the-philippines-for-aim-exploration-inc
Forward-Looking Statements
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Contact:
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com
info@aimexploration.com
https://twitter.com/aimexploration
Copyright © 2015 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
AIM Exploration Announces Appointment of Dr. Carlos Arias Eguiguren to the Board of Directors
Dec 15, 2015
OTC Disclosure & News Service
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AIM Exploration Announces Appointment of Dr. Carlos Arias Eguiguren to the Board of Directors
HENDERSON, NV--(Marketwired - Dec 15, 2015) - AIM Exploration Inc. (OTCQB: AEXE) is pleased to announce the appointment of Dr. Carlos Arias Eguiguren to its board of directors. Dr. Arias, 53, has sustained a long and distinguished career in the mining industry throughout the world. Dr. Arias is also a lawyer specializing in mining law. He was formally educated in Ecuador where he received a law degree in 1989 and later a doctorate in law in 2000. He received his Master's Degree in International Business Legal Studies (IBLS) in 1993 from the University of Exeter in the United Kingdom, followed by a diploma in transactional contracts from the International Development Law Institute in Rome, Italy that same year.
Dr. Arias is a former Director of the Ecuadorian Chamber of Mines, serving terms in 1996-1998 and 2001-2005. He has served with several mining companies and has been responsible for important mining projects pertaining to acquisition and development. From 1993-1995, Dr. Arias served as President of Ecuadorian Minerals Corporation (now International Minerals) and was charged with the acquisition and consolidation of the Gaby and Rio Blanco (formerly San Luis) mining projects. From 2001-2004, he served as General Manager of Aurelian Resources, where he was responsible for the acquisition of the La Zarza mining project and the consolidation of 35 concessions into a single 90,000-hectare project. From 2000-2008, Dr. Arias served as General Manager of Avalanche Resources, where he was instrumental in acquiring ten mining concessions in Ecuador and the Alto El Toro gold project in Colombia.
Currently, Dr. Arias serves as Vice President and Director of Fort St. James Nickel Corp. of British Colombia; General Manager of Lateegra Ecuador S.A.; associate of Investbank Corp.; and Executive Director for the Andean Region of OIS & Associates. Additionally, he maintains a busy legal practice, serving as advisor to many corporations.
The Company's Board of Directors looks to take advantage of Dr. Arias' knowledge and experiences, particularly in Peru, where he has aided projects in the provinces of Pataz, Pallasca, Piura, and El Oro. He was invited to speak at the World Mining Conferences in 2012 and 2013. Dr. Arias is fluent in English and Spanish.
J.R. (Bob) Todhunter, the company's CEO, stated, "We are extremely excited to welcome Dr. Arias to the Aim Exploration team and to our board of directors. His knowledge and working relationships will be instrumental in structuring and finalizing the labor and logistics plans necessary to complete our first delivery of coal to Prina Energy and then to continue those processes with our ongoing delivery commitments."
"I am highly honored to accept the invitation to join this prestigious company as a member of the Board of Directors," stated Dr. Arias, "I believe AIM Exploration's mining projects have a great potential and I am looking forward to contributing with my years of work experience. I feel that my own professional desires and goals are very much in line with that of Aim Exploration."
AIM Exploration Inc. (AEXE) operates as a junior mining company focused on global mining, exploration and production. Further Information on our projects can be found at www.aimexploration.com and followed at https://twitter.com/aimexploration.
About AIM Exploration, Inc.
AIM Exploration Inc. (AEXE) is a Nevada headquartered company with an operational office in Manila City, Philippines and Lima Peru. AIM operates as a junior mining company focusing on global mining, exploration and production. The company currently has two existing projects, a 40% interest in a Feldspar mine and production plant located in the Philippines and 100% ownership of an Anthracite coal project located in Peru. The Feldspar mine is currently producing and is currently undergoing upgrades for expanded production. The operation is controlled by Paladino Mining and Development Corp. The Anthracite Coal project, AIM owns and controls through its wholly owned subsidiary Aim Exploration SA. It is considered to be high grade Anthracite Coal mining properties in the Alto Chicama basin, in the province of Otuzco in Peru.
Please read the original article here: https://upticknewswire.com/aim-exploration-an...-directors
Forward-Looking Statements
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO
www.aimexploration.com
info@aimexploration.com
https://twitter.com/aimexploration
Copyright © 2015 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
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