On November 18, 2008, AXMIN Inc. (TSX VENTURE:AXM) announced that it had closed its previously-announced non-brokered private placement of 26,666,667 Units for total gross proceeds of $4 million. AXMIN will use the proceeds of the placement to finance ongoing programs and for general corporate purposes.

AXMIN is a Canadian exploration and development company with a strong focus on central and west Africa.

AXMIN was advised in this transaction by John Turner and Krisztian Toth of Fasken Martineau.