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| Home : AXMIN Closes First Tranche of the Offering With Dickson Resources Limited |
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Apr 10
2013 |
AXMIN Closes First Tranche of the Offering With Dickson Resources Limited |
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TORONTO, ONTARIO--(Marketwired - April 10, 2013) - AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") is pleased to announce that it has closed the first tranche of the previously announced private placement (the "Offering") of 16,466,666 Units for gross proceeds of approximately C$2.47 million. The remaining C$4.38 million (the "Escrow Amount") has been placed in escrow by the subscriber Dickson Resources Limited ("Dickson"). Each Unit consists of one common share and one-half of one common share purchase warrant with each whole warrant entitling the holder to acquire at any time following the receipt of shareholder approval until the date that is two years following the date of shareholder approval one common share for C$0.15 per common share. |
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| Source:http://www.marketwire.com/mw/release.do?id=1777275&sourceType=3 |
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