AXION VENTURES INC. ("AXV")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture
BULLETIN DATE: March 12, 2018
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 5, 2018:
Convertible Debenture $1,171,909.09
Conversion Price: Convertible into shares consisting of 1,260,117 common shares at $0.93.
Maturity date: 2 years from date of issuance
Interest rate: 15 per cent per year, payable semi-annually in shares, with the number of shares determined at the market price on the applicable interest payment date, unless the holder elects not to convert the interest into shares, in which case the interest shall be calculated at a rate of 8 per cent per year and paid in cash. Any accrued and unpaid interest on any principal amount being converted will be convertible into shares at the market price.
Number of Placees: 1 Placee
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