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by Stockwatch Business Reporter

The TSX Venture Exchange fell 4.21 points to 698.09 Wednesday. Geoff Balderson's capital pool shell, Aim Explorations Ltd. (AXN), is yet again delaying plans to acquire William McCartney and Geoff Houlton's medical device company, Heart Force Medical Inc. The shell first extended closing the qualifying transaction to last September; three extensions, and the fourth deadline is now April 30. If Aim needs more time after its fourth deadline, it will have to close the deal from the NEX. The exchange suspended the shell last September for failing to complete a QT within 24 months of listing, and initially gave Aim until the end of the year to close the deal. The TSX-V, a sympathetic exchange, has graciously given Aim more time (now totalling four additional months). The founders of Aim will be hurrying about in order to avoid the NEX because punishment for the transfer includes cancelling half their precious escrow stock. The holdup for closing this QT seems to be a $2-million private placement at 25 cents. The shell has enlisted Octagon Capital Corp. to help with its search for investors.

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