Axion Ventures Inc.: Axion Granted Partial Revocation Orders and Secures $20 Million Investment Agreement
Axion or the
CTO Partial Revocation Order ) by the British Columbia Securities Commission (the
BCSC ) on March 30, 2021 to allow Axion to enter into a convertible debenture investment agreement (the
Investment Agreement ) with KUAM (Hong Kong) Investment 01 Ltd. (
KUAM ) for up to C$20 million by way of unsecured convertible debentures (the
Debentures ) and to complete an initial tranche of C$8,000,000 (the
Initial Tranche ) thereunder. This Investment Agreement will replace the non-brokered private placement of C$7 million financing that the Company arranged and announced on July 30, 2020.
The Investment Agreement provides that principal amount of the Debenture will accrue interest at the rate of 4% per annum and the Debenture will be convertible to common shares in Axion at KUAM s discretion until maturity at the conversion price that is equal to the higher
MKGI
) relating to its proposed merger with Hotplay Enterprise Limited, and stockholders of Axion Ventures, Inc. Under the terms of the agreement, MKGI shareholders will retain ownership of less than 20% of the company.
The investigation focuses on whether Monaker Group, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.
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Axion Ventures Inc.: Axion Ventures Files Claim Against Former CEO and Monaker Group, Inc.
Vancouver, British Columbia (Newsfile Corp. - January 14, 2021) - Axion Ventures Inc. (TSXV: AXV) (OTC Pink: AXNVF) ( Axion or the Company ) will be filing a civil claim in the Supreme Court of British Columbia tomorrow (the Claim ) against its former CEO, Mr. John Todd Bonner, and his wife, Nithinan Boonyawattanapisut (aka different aliases including Jess , Fon , formerly as Rassarin Boonyawattanapisut or Jutamas Fuangkaew ), for Breach of Fiduciary Duty Causing Harm and their co-conspirators including Monaker Group, Inc. (NASDAQ: MKGI) ( Monaker ) and its CEO and Vice Chairman, Mr. William Kerby, and others including Mr. Jonathan Chen (aka Chen Chung Hong), Mr. Christopher Jon Peter Bagguley, and Mr. Mark Henry Saft.
Press release content from NewMediaWire. The AP news staff was not involved in its creation.
Monaker Group Increases Alternative Lodging Rental Inventory 30% to More Than 3,400,000 Properties
Monaker Group, IncDecember 11, 2020 GMT
Monaker Group, Inc
Monaker Group, Inc
Weston, FL - ( NewMediaWire ) - December 11, 2020 - Monaker Group, Inc. (NASDAQ: MKGI), a technology leader in the travel and vacation rental markets, reported it has increased its instantly confirmable Alternative Lodging Rental (ALR) properties available through the proprietary Monaker Booking Engine (MBE) to more than 3.4 million units. The additions represent a 30% increase over the 2.6 million listed ALR properties the Company reported in 2019.
“The increase in our ALR inventory is timely, coinciding with the integration of our booking engine with a number of new global travel distributors for the resumption of holiday (vacation) package bookings once global travel restrictions ease and conventional tra