Junior gold explorer Axmin (AXM-V) has closed a non-brokered private placement of 4.2 million units priced at 30 apiece, for total proceeds of $1.2 million.
Each unit consists of one share plus a half warrant. A whole warrant permits the holder to buy one more share for 45 within 18 months.
Net proceeds are earmarked for Axmin’s ongoing mineral exploration program in the Central African Republic.
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