Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

AXMIN closes $2.5 million non-brokered private placement

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

Confidential Client

On April 21, 2009, AXMIN Inc. (TSX VENTURE:AXM) announced that it had closed its previously announced non-brokered private placement of 25,000,000 Units, for total gross proceeds of $2.5 million. AXMIN's major shareholder AOG Holdings BV, a wholly owned subsidiary of The Addax & Oryx Group Limited, took up all Units offered under the private placement. The net proceeds of the private placement will be used for gold exploration on AXMIN's projects in central and west Africa, working capital, and general corporate purposes. AXMIN is a Canadian exploration and development company with a strong focus on central and west Africa. The company has projects in Central African Republic, Mali and Sierra Leone. AXMIN was advised in this transaction by Kristian Toth and Daniel Fuke of Fasken Martineau.

Team

    Subscribe

    Receive email updates from our team

    Subscribe