Capital raising transaction for $2.5 million Axiom Mining Limited (‘Axiom’ or ‘the Company’ is pleased to announce that it has raised $2.5 million from sophisticated and professional investors, including $500,000 from two of its directors. Axiom CEO Mr Ryan Mount said, “We have made excellent progress during the initial construction stages of the San Jorge mine. This new capital allows us to continue the exciting momentum generated by our mine development team. At the same time, it also allows for us to efficiently finalise negotiations with potential off-takers.” Transaction details: - Private placement of shares at $0.10 per share with a 1 for 2 attaching option; - Attaching options will be unlisted with an exercise price of $0.20 and an expiry of 30 June 2019; - Director participation is subject to shareholder approval. This announcement ends the Trading Halt of the Company’s securities on the ASX.
AVQ Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
is pleased to announce that it has raised $2.5 million from sophisticated and professional investors, including $500,000 from two of its directors. Axiom CEO Mr Ryan Mount said, “We have made excellent progress during the initial construction stages of the San Jorge mine. This new capital allows us to continue the exciting momentum generated by our mine development team. At the same time, it also allows for us to efficiently finalise negotiations with potential off-takers.” Transaction details: - Private placement of shares at $0.10 per share with a 1 for 2 attaching option; - Attaching options will be unlisted with an exercise price of $0.20 and an expiry of 30 June 2019; - Director participation is subject to shareholder approval. This announcement ends the Trading Halt of the Company’s securities on the ASX.
