Axion Ventures Inc. is pleased to announce that it has completed the initial tranche of C$8,000,000 under the convertible debenture investment agreement that the Company entered into with KUAM . | June 12, 2021
Vancouver, British Columbia (Newsfile Corp. - June 4, 2021) - Axion Ventures Inc. (TSXV: AXV) (OTC Pink: AXNVF) ("Axion" or the "Company") is pleased to announce that it has been granted a conditional
Axion Ventures Inc.: Axion Shareholders Vote with Overwhelming Majority to Elect Management Nominees as Directors in Annual Meeting
Axion Ventures Inc. (TSXV: AXV) (OTC Pink: AXNVF) (
Axion or the
Company ) is pleased to announce the results of voting at its Annual General and Special Meeting of Shareholders which was held earlier today in Vancouver, British Columbia (the
Meeting ).
All matters submitted to the shareholders for approval as set out in the Company s Notice of Meeting and Information Circular were approved at the Meeting. In addition, the management nominees named in the Company s Information Circular received over 129 million votes in their favour out of a total of 163 million shares voted. Accordingly, the directors of the Company are:
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