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Elevate Service Group Inc. — Capital/Financing Update 2021
Apr 30, 2021
48048_rns_2021-04-30_7824a897-bfbe-4486-95b1-e9a83cea5d32.pdf
Capital/Financing Update
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FORM 51-102F3
MATERIAL CHANGE REPORT
1. Name and Address of Company
AIM6 Ventures Inc. 77 King Street West, Suite 400 Toronto, ON M5K 0A1
2. Date of Material Change
April 30, 2021
3. News Release
A news release was disseminated through GlobeNewswire on April 30, 2021 and subsequently filed on SEDAR at www.sedar.com.
4. Summary of Material Change
AIM6 Ventures Inc. (" AIM6 " or the " Corporation ") closed its initial public offering.
5. Full Description of Material Change
AIM6 successfully completed its initial public offering (" Offering ") raising gross proceeds of $330,000 pursuant to a prospectus dated March 24, 2021 (the " Prospectus "). An aggregate of 3,300,000 common shares in the capital of the Corporation (the " Shares ") were subscribed for at a price of $0.10 per Share. The Shares began trading on the TSX Venture Exchange (the " Exchange ") on April 30, 2021 (the “ Listing Date ”).
Haywood Securities Inc. (the " Agent ") acted as agent in connection with the Offering. For its services, the Agent received an administrative fee, a cash commission equal to 10% of the gross proceeds of the Offering as well as options to purchase up to 330,000 Shares at an exercise price of $0.10 per Share, exercisable until the earlier of (a) five years from the Listing Date; and (b) the date that is one year from the completion of the Corporation’s Qualifying Transaction (as defined in Exchange Policy 2.4 – Capital Pool Companies ).
In addition, the Corporation granted an aggregate of 340,000 stock options to its directors and officers at an exercise price of $0.10 per Share, exercisable for a period of five years.
Zachary Goldenberg, Chief Executive Officer of AIM6, participated in the Offering. All Shares purchased by Mr. Goldenberg in the Offering will be subject to escrow pursuant to the policies of the Exchange.
As a result of the closing of the Offering, the Corporation has 8,900,000 Shares issued and outstanding (4,750,000 of which are subject to escrow restrictions).
6.
Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
7.
Omitted Information
- 2 -
None.
8. Executive Officer
Zachary Goldenberg Chief Executive Officer Telephone: (647) 987-5083 Email: [email protected]
9. Date of Report
April 30, 2021