By Devika Patel
Knoxville, Tenn., Nov. 7 - Axmin Inc. announced plans for a C$4 million non-brokered private placement of units.
The company will sell 26,666,667 units at C$0.15 apiece.
Each unit consists of one common share and one warrant. The warrants are exercisable at C$0.20 for two years.
Proceeds will be used for ongoing programs and for general corporate purposes.
Based in Toronto, Axmin is a mineral exploration company.
| Issuer: | Axmin Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$4 million
|
| Units: | 26,666,667
|
| Price: | C$0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 7
|
| Stock symbol: | TSX Venture: AXM
|
| Stock price: | C$0.09 at close Nov. 6
|
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