Aim Exploration Inc. (OTCPK:AEXE) acquired 40% stake in 648 Hectares of a Producing Feldspar Mine in the Philippines from Paladino Management & Development Corp. in cash, assets and stock on October 15, 2014. As consideration, Aim issued 5 million shares of its common stock, made a cash payment of PHP 0.54 ($0.01 million) and transferred 40% ownership of the Raval mining claim, also known as Pah-HSU-Qhuin Philippine Mining Claim, to Paladino. The shares will be held in escrow until certain conditions are met, including the issuance of Paladino shares to Aim Exploration as well as other conditions. Currency conversions were done through www.oanda.com as of October 17, 2014.

Aim Exploration Inc. (OTCPK:AEXE) completed the acquisition of 40% stake in 648 Hectares of a Producing Feldspar Mine in the Philippines from Paladino Management & Development Corp. on October 15, 2014.