CAPITAL STOCK

9 Months Ended

May 31, 2018

On April 25, 2016, the Company consolidated its share capital on a 250:1 basis. All common shares and per share amounts have been restated to reflect this share consolidation.

The Company has authorized 250,000,000 shares of common stock with a par value of $0.001 per share and 1,000,000 shares of preferred stock with a par value of $0.001 per share.

At May 31, 2018, 1,267,153,053 shares of common stock were issued and outstanding, and 100,000 shares of preferred stock were issued and outstanding.

Nine months ended May 31, 2018

During the nine months ended May 31, 2018, the Company issued 542,782,333 common shares pursuant to the exercise of the option attached to outstanding convertible notes.

Year ended August 31, 2017

On September 14, 2016, the Company issued an additional 220,000,000 to Percana to bring their post-consolidation shareholdings to 235,750,000 common shares. The value of these additional shares is $462,000 which is based on fair market value. These shares were issued in connection with the acquisition of certain mining property. (Note 4)

During the year ended August 31, 2017, the Company issued 27,305,206 common shares pursuant to the exercise of the option attached to outstanding convertible notes and 400,000 common shares pursuant to the exercise of the option attached to outstanding related party convertible notes.

During the year ended August 31, 2017, the Company issued 25,000,000 common shares in connection with services rendered. Such services had a fair value of $75,000.

During the year ended August 31, 2017, the Company issued 219,444,444 common shares in connection with director’s compensation. Such services had a fair value of $395,000. Of this amount $323,000 was expensed during the current period and $72,000 reduced an amount due to a related party.

During the year ended August 31, 2017, the Company issued 206,505,000 common shares in connection with paying down $206,505 of debt to a related party.

During the year ended August 31, 2017, the Company issued 3,343,341 common shares in connection with a private placement offering. The common shares were issued at a fair value of $0.03 per share for gross proceeds of $99,700.

Share purchase warrants

As at May 31, 2018, the following share purchase warrants issued in connection with convertible notes were outstanding:

NUMBER OF WARRANTS		EXERCISE PRICE		EXPIRY DATES
	9,258,535	$	0.0052	September 11, 2022
	6,091,617	$	0.0047	September 22, 2022
	5,611,672	$	0.0047	October 27, 2022
	20,576,130	$	0.0018	December 12, 2022
	13,227,512	$	0.0013	January 30, 2023
	14,244,872	$	0.0016	February 27, 2023
	23,148,138	$	0.0007	April 20, 2023
	92,158,476

A summary of the changes in warrants for the period ended May 31, 2018 and year ended August 31, 2017 is presented below:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Life
Balance, August 31, 2016 and 2017		-		-		-
Issued		92,158,476	$	0.0021	4.63 years
Balance, May 31, 2018		92,158,476			4.63 years

Aim Exploration Inc. 10-Q/A