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

DMG Blockchain Solutions

20/09/2017 13:45

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 
 
Source text for Eikon:  ID:nCCNqcwyya  
Further company coverage:  AXNh.V  
 
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