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AIM SAFETY COMPANY INC. ANNOUNCES PRIVATE PLACEMENT

 VANCOUVER, British Columbia, Oct. 15 /PRNewswire/ -- AIM Safety Company Inc. announced that it has arranged a private placement of 300,000 shares at the purchase price of $3.90 per share for a total of $1,170,000.
 The company will use the proceeds from this placement to provide additional working capital.
 The private placement is subject to receipt of the necessary regulatory approvals.
 The company is in the business of manufacturing, developing, and distributing gas detection and safety devices.
 -0- 10/15/93
 /CONTACT: Steven A. W. deJaray, 604-524-6711/
 (AIM.)


CO: AIM Safety Company Inc. ST: British Columbia IN: SU:

LM-LS -- LA044 -- 3020 10/15/93 20:49 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
Words:110
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