Amended Current Report Filing (8-k/a)
September 08 2017 - 2:17PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A
Amendment No. 1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 3, 2017
AIM EXPLORATION INC.
(Exact name of registrant as specified in its charter)
Nevada
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000-55358
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67-0682135
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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170 S Green Valley Pkwy, Suite 300
Henderson, Nevada
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89012
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
(844)
246-7378
___________________________________________________
(Former name or former address, if changed since
last report)
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Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. [X]
Explanatory Note
On August 10, 2017, AIM Exploration, Inc. (the "Company")
filed a Current Report on Form 8-K (the "Original Form 8-K") reporting, among other things, that on August 3, 2017,
the Company filed certificates of designation for Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock.
This Form 8-K/A amends the Original Form 8-K to correct the number of shares of preferred stock the Company has authorized from
1,000,000 to 10,000,000 shares, par value $0.001 per share.
SECTION 3 - SECURITIES AND TRADING MARKETS
Item 3.03 Material Modification of Rights of Security Holders
On August 3, 2017, pursuant to Article III
of our Articles of Incorporation, our Board of Directors voted to designate a class of preferred stock entitled Series B Preferred
Stock, consisting of up to eight thousand (8,000) shares, par value $0.001. Under the Certificate of Designation, holders of Series
B Preferred Stock will participate on an equal basis per-share with holders of our common stock and Series A Preferred Stock in
any distribution upon winding up, dissolution, or liquidation. Holders of Series B Preferred Stock are entitled to convert each
share of Series B Preferred Stock into one hundred thousand (100,000) shares of common stock. The conversion rate shall not adjust
with any combination or reserve split of our outstanding common stock. Holders of Series B Preferred Stock are not entitled to
vote, except as it pertains to amendments of the Certificate of Designation, or to receive dividends. Each share of Series B Preferred
Stock shall have anti-dilution protection such that any issuance of common stock shall result in an equal number of shares issued
to holders of Series B Preferred Stock.
The rights of the holders of Series B Preferred
Stock are defined in the relevant Certificate of Designation filed with the Nevada Secretary of State on August 3, 2014, attached
hereto as Exhibit 3.1, and is incorporated by reference herein.
On August 3 2017, pursuant to Article III of
our Articles of Incorporation, our Board of Directors voted to designate a class of preferred stock entitled Series C Preferred
Stock, consisting of up to one thousand (1,000) shares, par value $0.001. Under the Certificate of Designation, holders of Series
C Preferred Stock will participate on an equal basis per-share with holders of our common stock, Series A Preferred Stock and Series
B Preferred Stock in any distribution upon winding up, dissolution, or liquidation. Holders of Series C Preferred Stock are entitled
to convert each share of Series C Preferred Stock into fifty thousand (50,000) shares of common stock. The conversion rate shall
not adjust with any combination or reserve split of our outstanding common stock. Holders of Series C Preferred Stock are not entitled
to vote, except as it pertains to amendments of the Certificate of Designation, or to receive dividends.
The rights of the holders of Series C Preferred
Stock are defined in the relevant Certificate of Designation filed with the Nevada Secretary of State on August 3, 2017, attached
hereto as Exhibit 3.2, and is incorporated by reference herein.
On August 3 2017, pursuant to Article III of
our Articles of Incorporation, our Board of Directors voted to designate a class of preferred stock entitled Series D Preferred
Stock, consisting of up to one million (1,000,000) shares, par value $0.001. Under the Certificate of Designation, holders of Series
D Preferred Stock will participate on an equal basis per-share with holders of our common stock, Series A Preferred Stock, Series
B Preferred Stock and Series C Preferred Stock in any distribution upon winding up, dissolution, or liquidation. At any time before
or on 12 months from issuance, Holders of Series D Preferred Stock are entitled to convert each share of Series D Preferred Stock
into shares of common stock at 20% of the closing price of our common stock, provided that the closing price is at least $3.00
per share. At any time after 12 months from issuance, Holders of Series D Preferred Stock are entitled to convert each share of
Series D Preferred Stock into shares of common stock at 20% of the closing price of our common stock or, alternatively, into a
convertible promissory note which shall accrue interest at 10% per annum and shall be convertible into our shares of common stock
at 20% of the closing price of our common stock. If not sooner converted as provided above, at two years from issuance, we are
required to redeem all outstanding shares of Series D Preferred Stock by paying the holders 115% of the stated value of their shares.
We may also exercise this right of redemption before two years in our sole discretion. Holders of Series D Preferred Stock are
not entitled to vote, except as it pertains to amendments of the Certificate of Designation, or to receive dividends.
The rights of the holders of Series D Preferred
Stock are defined in the relevant Certificate of Designation filed with the Nevada Secretary of State on August 3, 2017, attached
hereto as Exhibit 3.3, and is incorporated by reference herein.
SECTION 5 – CORPORATE GOVERNANCE AND
MANAGEMENT
Item 5.03 Amendments to Articles of Incorporation or Bylaws
The disclosures set forth in Item 3.03 are incorporated by reference
into this Item 5.03.
SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01 Financial Statements and Exhibits
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AIM EXPLORATION INC.
/s/ James Robert Todhunter
James Robert Todhunter
Chief Executive Officer
Date: September 8, 2017
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