on AXCAP VENTURES INC. (isin : CA05455X2059)
Axcap Ventures Upsizes Private Placement Amid Strong Investor Demand
Vancouver-based Axcap Ventures Inc. has announced an increase in the size of its non-brokered private placement to approximately $15,000,000, responding to robust investor interest. Initially set at $10,000,000, the offering now includes up to 75,000,000 special warrants priced at $0.20 each.
These Special Warrants will convert automatically into units comprising one common share and one share purchase warrant, allowing acquisition of an additional share at $0.20 for five years. The conversion will occur after prospectus filing or four months from the issue date.
The proceeds aim to support Axcap's mineral exploration investments and broaden its investment activities. The closing is anticipated around November 11, 2024, pending regulatory approvals.
Axcap has engaged 3L Capital Inc. as a Financial Advisor, with potential finder’s fees applicable in line with Canadian Securities Exchange policies. The offering excludes U.S. markets due to regulatory constraints.
R. E.
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