By Devika Patel
Knoxville, Tenn., March 19 - Axmin Inc. said it plans a C$6 million private placement of units.
The company will price the units within the context of the market.
Each unit consists of one common share and one warrant. The warrants will be exercisable for three years.
The company's major shareholder, AOG Holdings BV, has expressed an interest in the private placement.
Paradigm Capital Inc. is the agent.
Settlement is expected April 7.
Proceeds will be used for gold exploration on the company's projects in central and west Africa, working capital and 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$6 million
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Agent: | Paradigm Capital Inc.
|
| Pricing date: | March 19
|
| Stock symbol: | TSX Venture: AXM
|
| Stock price: | C$0.115 at close March 19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
