AIM Resources plans $35 million issue of convertibles

By Angela McDaniels

Seattle, Oct. 18 - AIM Resources Ltd. plans to issue $35 million of convertible notes through Cartesian Capital, according to a company news release.

Proceeds from the convertibles will be used to fund development of the company's Perkoa Zinc Project in Burkina Faso, which is expected to begin mining ore in the second half of 2007.

Sydney, Australia-based AIM Resources acquires and develops mining ventures in Africa.

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