Article: AXMIN Announces Exercise of Warrants.

Article from:
Marketwire Canada
Article date:
October 15, 2009
Copyright

TORONTO, ONTARIO, Oct 15, 2009 (Marketwire via COMTEX) -- AXMIN Inc. ("the Company") (TSX VENTURE:AXM) is pleased to announce that the Company's major shareholder AOG Holdings BV ("AOG"), a wholly owned subsidiary of The Addax & Oryx Group Limited has exercised 4,000,000 common share purchase warrants at a price of Cdn$0.14 per share for a total consideration of Cdn$560,000.00. Following the exercise of the warrants AOG exercises control and direction over 151,525,326 common shares of the Company, representing 49.6% of the Company's 305,679,901 issued and outstanding common shares.

After the exercise of warrants, AOG will hold 16,600,000 common share purchase ... 







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