Announces Closing of Initial Public Offering
AIM3 VENTURES INC.
ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
Toronto – November 13, 2018 – AIM3 Ventures Inc. (TSXV: AIMC) (the “Corporation” or
“AIM3”), is pleased to announce that it has completed its initial public offering (the “Offering”)
today of 500,000 common shares in the capital of the Corporation (“Common Shares”) at a
purchase price of $0.10 per Common Share by way of a prospectus for gross proceeds of
$500,000.
“The successful completion of our IPO represents an important step in AIM3’s ability to deliver
superior shareholder returns” commented Zachary Goldenberg, CEO of AIM3. With a team of
dedicated and disciplined industry professionals, AIM3 looks forward to working with, and
investing in companies looking to go public.”
The Corporation is a Capital Pool Company as defined in the policies of the TSX Venture
Exchange (the “Exchange”). To date, the Corporation has not conducted operations of any kind
and has not entered into an “Agreement in Principle”, as such phrase is defined in Exchange
Policy 2.4 – Capital Pool Companies.
When combined with the Corporation’s cash proceeds raised prior to the Offering ($455,000 in
seed financing as more fully described in the Corporation’s prospectus dated October 17, 2018),
the Corporation has raised total gross proceeds of $955,000 and has a total of 10,650,000
Common Shares issued and outstanding, of which 3,000,000 Common Shares are being held in
escrow. The net proceeds will be used to identify and evaluate assets of businesses for
acquisition with a view to completing a “Qualifying Transaction” under the Capital Pool Company
program of the Exchange.
Haywood Securities Inc. (the “Agent”) acted as agent in connection with the Offering. For its
services, the Agent received an administrative fee, a cash commission equal to 10% of the
gross proceeds of the Offering as well as options to purchase up to 500,000 Common Shares at
an exercise price of $0.10 per Common Share, exercisable within twenty-four months from the
listing of the Common Shares on the Exchange.
In addition, the Corporation granted an aggregate of 1,065,000 stock options to its directors and
officers at an exercise price of $0.10 per share for a period of five years from the date of grant.
The Common Shares were admitted for trading on the Exchange and will be trading under the
symbol “AIMC”.
Demonstrating its forward-thinking commitment to cutting-edge technologies in every instance,
the Corporation was one of the first public companies to use the proprietary DealMaker TM
software in its seed financing round (www.dealmaker.tech).
Dentons Canada LLP acted as legal counsel to the Corporation and Peterson McVicar LLP
acted as counsel to the Agent.
For more information, please contact Zachary Goldenberg, the Chief Executive Officer of the
Corporation.
Zachary Goldenberg, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news
release includes certain "forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements include, but are not limited to, statements with respect to
the satisfaction of conditions and the resumption of trading of AIM3’s common shares. Forward-
looking statements are necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and social uncertainties; delay or
failure to receive shareholder or regulatory approvals; and the results of continued development,
marketing and sales. There can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.
AIM3 disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by law.