BPS initiates coverage on Aim Exploration Inc (OTCBB:AEXE)

Yesterday,BrilliantPennyStocks.com initiated coverage on AEXE. The same group provided coverage on Delaine Corp (DEPN) on Wednesday which saw gains of more than 30% on Thursday. Aim Exploration Inc (OTCBB:AEXE)’s recent filing with the Securities and Exchange Commission (SEC) shows that, the company has signed a 'Mining Concession Asset Acquisition Agreement' with Percana Mining Corp. Following this agreement, the company has been able to receive three different mining concessions.Earlier today, the company announced two key mining property acquisitions in the Philippines and Peru. Both properties have outstanding cash flow potential through production.Three Properties

Among three, the first two mining concessions property stands transferred in the name of Aim Exploration Inc (OTCBB:AEXE). These two properties, i.e., El Tunel Del Tiempo 1 code 11060780 and El Tunel Del Tiempo 2 code 11060781 form 40% of the total mining concession. While the third and 60% part of the mining concession is yet to be transferred.

The property is known as Agujeros Negros MA-AG. The company further notified that it already holds a Mining Assignment contract as well as Option to Purchase the said property for a five-year term. Thus, the contract gives the power to the company to exercise its full rights and authorities with respect to the concession property.

The SEC filing also noted that Aim Exploration Inc (OTCBB:AEXE) has issued 15,750,000 common shares in two blocks to Percana against the concession properties. The first block of shares comprises 6,300,000 common shares and the other block of 9,450,000 shares.

The first block of shares will be kept in an escrow account till the time Aim Exploration raises $1,000,000 or if Percana waives off this condition. The second block of shares too will be held in escrow till Aim Exploration gets clarity on third concession facility and resolution of arbitration issues, if any.

Change Of Executives

Aim Exploration Inc (OTCBB:AEXE) also notified about the change in its leadership. President and CEO, Gregorio Formoso has resigned from his role while he will retain his position as Secretary, Treasurer, CFO and Director of the company. He will be succeeded by James Robert Todhunter as CEO, President and Director of the company. Todhunter previously served Percana Mining Corp as President.

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