Dec 27 (Reuters) - Alexium International (AJX) : ALEXIUM AGREES...

Dec 27 (Reuters) - Alexium International (AJX) :

• ALEXIUM AGREES TO REFINANCE OUTSTANDING DEBT FOR EQUITY AND RAISE A MINIMUM OF A$4 MILLION
• TOTAL MINIMUM EQUITY OF A$4 MILLION TO BE RAISED VIA A PLACEMENT
• DEBT FOR EQUITY REFINANCING OF OUTSTANDING CONVERTIBLE NOTE REMOVES ALL SHORT TO MEDIUM-TERM REFINANCING CONCERNS
• PENDING SHAREHOLDER APPROVAL, EQUITY TO BE ISSUED TO COLINTON CAPITAL PARTNERS TO RETIRE OUTSTANDING CONVERTIBLE NOTE
• PROPOSED 2.035 FOR 5 PRO RATA NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE A$3.5 MILLION
• PLACEMENT AT A$0.013 PER SHARE