DMG Blockchain Solutions Inc. and Aim Explorations Ltd. close $28 million subscription receipt financing

December 28, 2017

On December 28, 2017, Aim Explorations Ltd. (TSXV: AXN.H) announced that, in connection with the previously announced transaction with DMG Blockchain Solutions Inc., it had completed its previously announced private placement of subscription receipts led by Canaccord Genuity Corp. and including Paradigm Capital Inc. (the “agents”). The offering included the sale of 35,076,000 subscription receipts for aggregate gross proceeds of $28,060,800.

The gross proceeds of the offering will be held in escrow by Computershare Trust Company of Canada and will be released upon completion of the escrow release conditions. The transaction will constitute a Qualifying Transaction as defined in the policies of the TSX Venture Exchange and the resulting issuer will be a Tier 2 technology issuer.

Miller Thomson advised the agents in this transaction with a team that included Dwight Dee and Erika Lai.