Axiom Mining (ASX:AVQ) has terminated by mutual consent and at no cost, a Share Purchase and Convertible Note Agreement that was in place from February to July 2014.
The funding facility had allowed the company to remain focused on its litigation over the Isabel Nickel Project in the Solomon Islands while maintaining operational momentum.
Closing oral submissions in the High Court trial over the Isabel nickel deposit were completed by 1 July 2014, and Axiom looks forward to receiving judgment by September 2014.
The company added it is satisfied it can fund its operations over the coming months.
