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Axion Ventures Inc.: Axion Cancels 33 Million Performance Escrow Shares and Issues 40 Million Shares to Kuni Umi


Axion Ventures Inc.: Axion Cancels 33 Million Performance Escrow Shares and Issues 40 Million Shares to Kuni Umi
Axion or the
Company ) announces that it has cancelled 33,000,000 common shares of the Company (the Escrowed Shares ) under the performance escrow agreement dated May 11, 2016 (the Escrow Agreement ), and amended in April 2019.
Furthermore, Axion reports the issuance of 40,000,000 shares to KUAM (Hong Kong) Investment 01 Ltd. (
KUAM ) pursuant to KUAM s conversion of the $8,000,000 Convertible Debenture issued to it under the Investment Agreement between the Company and KUAM (please see Axion s news release from June 11, 2021).
The Investment Agreement provides for further tranches for up to a total of C$20 million. Completion of any subsequent tranche will be subject to additional approval of the TSX Venture Exchange. If all of the C$20 million is drawn down and converted by KUAM, a new Control Person of the Company may be created. KUAM has pr ....

United Kingdom , Hong Kong , British Columbia , Company The Escrowed , Person Of The Company , British Columbia Newsfile Corp , Axion Ventures Inc , Regulation Services Provider , Venture Exchange , Investment Agreement , Control Person , ஒன்றுபட்டது கிஂக்டம் , ஹாங் காங் , பிரிட்டிஷ் கொலம்பியா , நபர் ஆஃப் தி நிறுவனம் , அச்சு முயற்சிகள் இன்க் , ஒழுங்குமுறை சேவைகள் வழங்குநர் , துணிகர பரிமாற்றம் , கட்டுப்பாடு நபர் ,

Skychain Secures Funding for 12 MW Crypto Hosting Facility in Birtle,


Skychain Technologies Inc. (
TSXV: SCT) (
OTCQB: SKTCF) (the “Company”) announces that it has arranged and successfully closed on the first tranche of securities of a private placement (the “
Offering“) with The9 Limited (the “
The9“) (
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Skychain Secures Funding for 12 MW Crypto Hosting Facility in Birtle, Manitoba Back to video
As previously announced by the Company on April 21, 2021 and May 13, 2021, the Company entered into a financing agreement with The9 pursuant to which The9 agreed to subscribe for $2,000,000 of transferable, convertible debentures (the “
Debentures“), at a price of $0.85 per Debenture, and $2,000,000 of units (the “ ....

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