New Issue: Axion wraps $1.38 million private placement of shares

By Devika Patel

Knoxville, Tenn., Jan. 22 - Axion International Holdings, Inc. completed a $1.38 million private placement of stock on Jan. 20, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company sold 1,562,500 common shares to Insight Partners, LLC.

Axion is an independent oil and gas enterprise based in Basking Ridge, N.J.

Issuer:	Axion International Holdings, Inc.
Issue:	Common stock
Amount:	$1,375,000
Shares:	1,562,500
Warrants:	No
Investor:	Insight Partners, LLC
Settlement date:	Jan. 20
Stock symbol:	OTCBB: AXIH
Stock price:	$1.01 at close Jan. 20
Market capitalization:	$9.8 million

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