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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 ....
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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 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 t ....