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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 ....
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 Responds to Latest Unfounded Claim by the Bonners Axion or the Company ) reports that yesterday, Cern One Limited and Michael Bonner issued a press release continuing their unwarranted and meritless attacks on the Company (in which they apparently have no direct material economic interest) in continued collusion with Todd Bonner, the ex-CEO of the Company, to seize control of the Company without undertaking a take-over bid process. Todd Bonner is making these efforts with Cern One Limited and Michael Bonner (the Bonners ) despite the resounding message from the Company s shareholders that he is unwelcome in management or on the Board and despite his previously failed applications to the British Columbia courts. ....