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BRIEF-Aim Explorations Ltd enters into a letter of intent with DMG Blockchain Solutions Inc for qualifying transaction

Published 2017-09-20, 09:14 a/m
© Reuters.  BRIEF-Aim Explorations Ltd enters into a letter of intent with DMG Blockchain Solutions Inc for qualifying transaction

Sept 20 (Reuters) - Aim Explorations Ltd AXNh.V

* Aim Explorations Ltd enters into a letter of intent with DMG Blockchain Solutions Inc for qualifying transaction

* Aim Explorations Ltd - upon completion of transaction, combined entity will continue business of DMG as a "technology" issuer

* Aim Explorations Ltd - anticipated that board of directors of resulting issuer will consist of up to five directors

* Aim Explorations-to acquire DMG common shares in exchange for 28.5 million shares of resulting issuer based on price of about $0.30/payment share

* Aim Explorations Ltd - common shares of Aim will remain halted until transaction is completed and approved by exchange

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