re: Ann: Aurox to amend terms of note to perm... Indeed, this...

re: Ann: Aurox to amend terms of note to perm... Indeed, this has two effects: one, reducing debt. Two, increasing market capitalisation. This is a good move - AXO will go to about $35M on today's share price, up from a woeful $14M. It means that AXO now has more leverage to raise capital either via the 15% rule, or via a SPP or special placement for another 100% of the market cap.

Suddenly, AXO can raise up to $35M to support the next round of equity during project financing. Dilutive, sure, but really, who isn't being diluted these days?

Also, given today's prices on the AXO's you are getting 40c plus the 14c you got already from interest, or 50c in the dollar roughly. Don't tell the guys from CUO, matrix metals or Monarch Gold you're getting 50c in the dollar, they'll be distraught.