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| Home : AXMIN Enters Into Subscription Agreement With Dickson Resources Limited |
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Mar 25
2013 |
AXMIN Enters Into Subscription Agreement With Dickson Resources Limited |
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TORONTO, ONTARIO--(Marketwire - March 25, 2013) - AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") is pleased to announce that it has entered into a binding subscription agreement (the "Agreement") with Dickson Resources Limited ("Dickson"), whereby AXMIN is proceeding with a private placement to raise aggregate gross proceeds of approximately C$6.75 million by way of a two stage private placement (the "Offering"). The Company will issue an aggregate of 45,000,000 common shares of the Company (the "Offered Shares") at a price of C$0.15 per Offered Share. The first tranche of the Offering will consist of 15,800,000 Offered Shares for gross proceeds of approximately C$2.37 million on terms set out below. This represents a 25% premium on AXMIN's current share price. The remaining C$4.38 million (the "Escrow Amount") will be placed in escrow by Dickson. |
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| Source:http://www.marketwire.com/mw/release.do?id=1771552&sourceType=3 |
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