Axcap Ventures Launches $10 Million Special Warrant Offering

Axcap Ventures Inc. announced a non-brokered private placement offering of up to 50 million special warrants at $0.20 each, aiming for gross proceeds of $10 million. Each warrant will automatically convert into one unit of Axcap, comprising one common share and one purchase warrant for acquiring additional shares at the same price for five years post-closure.

The offering's completion, expected around November 4, 2024, is subject to regulatory approvals, including those from the Canadian Securities Exchange. The funds will be allocated towards mineral exploration investments, working capital, and additional projects in technology and industrial sectors.

The offering adheres to exemptions from prospectus requirements under applicable securities laws. The company is restricted from offering securities in the United States without registration or exemption. Axcap emphasizes potential risks in its forward-looking statements within the press release.