HENDERSON, NV--(Marketwired - Feb 11, 2016) - AIM Exploration Inc. (OTCQB: AEXE) is excited to announce that it has entered into a preliminary agreement to acquire a privately owned company that owns Silica concessions in Utah USA.
Over the past year AIM has been working diligently to acquire the Silica rich properties of Crystal Sands. The deal AIM is ready to consummate and is expected to close by the end of Q-2. This would mean that AIM would acquire all the shareholdings of Crystal Sands. Crystal Sands currently holds mining concession rights including mining (metallic and non-metallic) permits for properties located in Utah consisting in excess of 600 acres which is rich in Silica. AIM has completed extensive research on this property and a Stim Lab report indicates the raw samples tested are in excess of 97% Silica. The property is strategically located within close proximity to transportation, easy road access with readily available access to water and electricity.
Bob Todhunter the company's CEO stated, "This acquisition works very well with our existing ownership in Paladino (producer of Feldspar) as both Feldspar and Silica are key ingredients for glass production and is expected to enhance the future profitability of AIM Exploration."
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
AIM Exploration Inc.
J.R. (Bob) Todhunter
Director, President & CEO