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Axios Issues Shares for Interest
MISSISSAUGA, ON--(Marketwired - Oct 13, 2016) - Axios Mobile Assets (TSX VENTURE: AXA) ("Axios" or the "Company") announced today that it has received approval from the Exchange to issue an aggregate of 77,540 common shares at a deemed price of $0.5378 per share in respect of $41,700 of interest owing under certain previously issued debentures of the Company. The shares are being issued pursuant to the terms of the debentures for the interest owing between July 1, 2016 and September 30, 2016, and they pertain to certain debtholders who had elected at the time the debentures were issued to receive interest payments in the form of shares. Each share is subject to a hold period of four months and one day expiring on February 13, 2017.
View More : http://www.marketwired.com/mw/release.do?id=2166548&sourceType=3
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