Geoff Balderson is the CFO/director of CIN-TSXV
Element Fleet will own 9.9% of Aim Explorations
2017-12-04 10:39 ET - News Release
Also News Release (C-EFN) Element Fleet Management Corp
Mr. Geoff Balderson of Aim reports
DMG BLOCKCHAIN SOLUTIONS INC. AND AIM EXPLORATIONS LTD. ANNOUNCE UPSIZE TO PRIVATE PLACEMENT AND STRATEGIC INVESTMENT FROM ELEMENT FLEET MANAGEMENT CORP.
Aim Explorations Ltd. has amended the terms of the private placement announced on Nov. 13, 2017. Aim and DMG Blockchain Solutions Inc. have increased the private placement to up to 31.25 million subscription receipts at a price of 80 cents per subscription receipt for gross proceeds up to $25-million and minimum gross proceeds of $10-million. The offering is being completed in connection with the proposed qualifying transaction between Aim and DMG. The company and DMG have also granted Canaccord Genuity Corp. an option to increase the offering by up to an additional 15 per cent at any time up to 48 hours prior to the closing date