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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aim Exploration Inc (CE) | USOTC:AEXE | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
|
|
Nevada
|
67-0682135
|
(state or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer I.D. No.)
|
|
|
170 S Green Valley Pkwy, Suite 300
Henderson, Nevada
|
89012
|
(Address of principal executive offices)
|
(Zip Code)
|
|
|
|
|
|
|
|
|
|
|
PART I - FINANCIAL INFORMATION
|
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Item 1.
|
|
Financial Statements (unaudited)
|
|
3
|
|
|
Condensed Consolidated Balance Sheets
|
|
F-1
|
|
|
Condensed Consolidated Statements of Operations
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F-2
|
|
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Condensed Consolidated Statements of Cash Flows
|
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F-3
|
|
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Notes to Condensed Consolidated Financial Statements
|
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F-4
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Item 2.
|
|
Management Discussion & Analysis of Financial Condition and Results of Operations
|
|
4
|
Item 3.
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Quantitative and Qualitative Disclosures About Market Risk
|
|
5
|
Item 4.
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Controls and Procedures
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6
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PART II - OTHER INFORMATION
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||
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|
Item 1.
|
|
Legal Proceedings
|
|
6
|
Item 2.
|
|
Unregistered Sales of Equity Securities and Use of Proceeds
|
|
6
|
Item 3.
|
|
Defaults Upon Senior Securities
|
|
8
|
Item 4.
|
|
Mine Safety Disclosures
|
|
8
|
Item 5.
|
|
Other information
|
|
8
|
Item 6.
|
|
Exhibits
|
|
9
|
|
Common Stock
|
Preferred Stock
|
|
|
|
|
|
|
||
|
Number of
shares
|
Amount
$
|
Number of
shares
|
Amount
$
|
Additional Paid-in Capital
$
|
Share Subscriptions Receivable
$
|
Accumulated Deficit
Originally Stated
$
|
Adjustments
$
|
Notes
|
Total
$
|
Balance at inception – February 18, 2010
Founders shares, issued for cash
|
-10,000,000
|
-10,000
|
--
|
--
|
--
|
-(10,000)
|
--
|
|
|
--
|
Net Loss to August 31, 2010
|
-
|
-
|
-
|
-
|
-
|
-
|
(29,400
)
|
|
|
(29,400
)
|
Balance, August 31, 2010
|
10,000,000
|
10,000
|
-
|
-
|
-
|
(10,000
)
|
(29,400
)
|
|
|
(29,400
)
|
Subscription Received
Common stock issued for cash
Net loss for the year ended August 31, 2011
|
-40,000,000-
|
-40,000-
|
---
|
---
|
---
|
10,000--
|
--(18,939)
|
|
|
10,00040,000
(18,939)
|
Balance, August 31, 2011
|
50,000,000
|
50,000
|
-
|
|
-
|
-
|
(48,339
)
|
|
|
1,661
|
Net loss to August 31, 2012
|
–
|
–
|
–
|
–
|
-
|
-
|
(28,109
)
|
|
|
(28,109
)
|
Balance, August 31, 2012
|
50,000,000
|
50,000
|
-
|
-
|
-
|
-
|
(76,448
)
|
|
|
(26,448
)
|
Sale of common stock 18,000,000 common shares at $0.001 par value
|
18,000,000
|
18,000
|
-
|
-
|
-
|
-
|
-
|
|
|
18,000
|
Imputed Interest
|
-
|
-
|
-
|
-
|
2,035
|
-
|
-
|
|
|
2,035
|
Net loss for the year ended August 31, 2013
|
-
|
-
|
-
|
-
|
-
|
-
|
(47,901
)
|
|
|
(47,901
)
|
Balance, August 31, 2013
|
68,000,000
|
68,000
|
-
|
-
|
2,035
|
-
|
(124,349
)
|
|
|
(54,314
)
|
15,750,000 common shares at $0.001 par value
|
15,750,000
|
15,750
|
-
|
-
|
311,219
|
-
|
-
|
|
|
326,969
|
Net loss for the year ended August 31, 2014
|
-
|
-
|
-
|
-
|
-
|
-
|
(183,032
)
|
|
|
(183,032
)
|
Balance, August 31, 2014
|
83,750,000
|
83,750
|
-
|
-
|
313,254
|
-
|
(307,381
)
|
|
|
89,623
|
Shares issued for services
|
350,000
|
350
|
1,000,000
|
100
|
192,550
|
-
|
-
|
|
|
193,000
|
Shares issued in deposit
|
5,000,000
|
5,000
|
-
|
-
|
-
|
-
|
-
|
|
|
5,000
|
Convertible debt discount
|
-
|
-
|
-
|
-
|
99,630
|
-
|
-
|
|
|
99,630
|
Gain on repurchase of convertible note
|
-
|
-
|
-
|
-
|
20,664
|
-
|
-
|
|
|
20,664
|
Net loss for the year ended August 31, 2015
|
-
|
-
|
-
|
-
|
-
|
-
|
(1,290,695
)
|
(157,923
)
|
a
|
(1,448,618
)
|
Balance, August 31, 2015
|
89,100,000
|
89,100
|
1,000,000
|
100
|
626,098
|
-
|
(1,598,076
)
|
(157,923
)
|
|
(1,755,999
)
|
August 31, 2015
|
||||
|
Originally
Stated
|
Adjustments
|
Note
|
Restated
|
|
|
|
|
|
OPERATING ACTIVITIES
|
|
|
|
|
Net Loss
|
$
(1,290,695
)
|
$
(157,923
)
|
a, b, c
|
$
(1,290,695
)
|
Accretion related to convertible note
|
72,001
|
13,328
|
b
|
72,001
|
Debt discount related to convertible note
|
(35,478
)
|
|
|
(35,478
)
|
Finance costs
|
238,472
|
67,526
|
a
|
238,472
|
Accrued interest on convertible note
|
11,544
|
2,443
|
b
|
11,544
|
Loss on derivative liability
|
(12,301
)
|
(4,052
)
|
c
|
(12,301
)
|
Loss on repurchase of convertible note
|
20,664
|
|
|
20,664
|
Shares issued for services
|
193,000
|
|
|
193,000
|
Write-down of accounts payable
|
(11,285
)
|
|
|
(11,285
)
|
Adjustments to reconcile Net Income (Loss) to netCash used in operating activities:
|
|
|
|
|
Loans Receivable
|
(45,800
)
|
|
|
(45,800
)
|
Deposits
|
(8,798
)
|
|
|
(8,798
)
|
Provisions
|
(55,000
)
|
|
|
(55,000
)
|
Accounts Payable
|
189,566
|
|
|
189,566
|
|
|
|
|
|
NET CASH USED INOPERATING ACTIVITIES
|
(734,110
)
|
(78,678
)
|
|
(734,110
)
|
|
|
|
|
|
FINANCING ACTIVITIES
|
|
|
|
|
Convertible debt – related party
|
170,000
|
|
|
170,000
|
Convertible debt
|
306,875
|
78,678
|
a
|
306,875
|
Payments on convertible notes
|
(47,250
)
|
|
|
(47,250
)
|
Loans from related party
|
304,972
|
|
|
304,972
|
NET CASH PROVIDED BY FINANCING ACTIVITIES
|
734,597
|
78,678
|
|
734,597
|
|
|
|
|
|
NET INCREASE IN CASH
|
487
|
|
|
487
|
|
|
|
|
|
CASH, BEGINNING OF PERIOD
|
1,862
|
|
|
1,862
|
|
|
|
|
|
CASH, END OF PERIOD
|
$
2,349
|
|
|
$
2,349
|
November 30, 2015
|
||||
|
Originally
Stated
|
Adjustments
|
Note
|
Restated
|
|
|
|
|
|
OPERATING ACTIVITIES
|
|
|
|
|
Net Loss
|
$
(406,929
)
|
$
(18,484
)
|
a, b, c
|
$
(406,929
)
|
Accretion related to convertible note
|
76,883
|
19,562
|
b
|
76,883
|
Finance costs and derivative expense
|
122,921
|
|
|
122,921
|
Accrued interest on convertible note
|
22,044
|
3,645
|
b
|
22,044
|
Change in fair value of derivative liability
|
28,979
|
(4,723
)
|
c
|
28,979
|
Adjustments to reconcile Net Income (Loss) to netCash used in operating activities:
|
|
|
|
|
Deposits
|
21,596
|
|
|
21,596
|
Accounts Payable
|
2,599
|
|
|
2,599
|
|
|
|
|
|
NET CASH USED INOPERATING ACTIVITIES
|
(131,907
)
|
|
|
(131,907
)
|
|
|
|
|
|
FINANCING ACTIVITIES
|
|
|
|
|
Convertible debt
|
155,000
|
|
|
155,000
|
Loans from related party
|
(22,720
)
|
|
|
(22,720
)
|
NET CASH PROVIDED BY FINANCING ACTIVITIES
|
132,280
|
|
|
132,280
|
|
|
|
|
|
NET INCREASE IN CASH
|
373
|
|
|
373
|
|
|
|
|
|
CASH, BEGINNING OF PERIOD
|
2,349
|
|
|
2,349
|
|
|
|
|
|
CASH, END OF PERIOD
|
$
2,722
|
|
|
$
2,722
|
Exhibits
|
|
Exhibit
Number
|
Exhibit
Description
|
10.1
|
Consulting Agreement with Tangiers Investment Group, LLC dated October 28, 2015
|
10.2
|
Investment Agreement with Tangiers Investment Group, LLC dated October 28, 2015
|
10.3
|
Registration Rights Agreement with Tangiers Investment Group, LLC dated October 28, 2016
|
31.1
|
Certification of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
31.2
|
Certification of the Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
32.1
|
Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
32.2
|
Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
|
|
|
|
|
|
SIGNATURE
|
CAPACITY IN WHICH SIGNED
|
DATE
|
|
|
|
/s/ James Robert Todhunter
|
President,
Chief Executive Officer
|
July
<*>
, 2016
|
James Robert Todhunter
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Gregorio Formoso
|
Secretary, Treasurer, Principal Accounting Officer,
Principal Financial Officer and Director
|
July
<*>
, 2016
|
Gregorio Formoso
|
|
|
1 Year Aim Exploration (CE) Chart |
1 Month Aim Exploration (CE) Chart |
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