AXMIN Inc announced a non-brokered private placement of 8,333,333 common shares of the company at CAD 0.03 per share, up to approximately CAD 250,000 on April 13, 2022. Certain officers and directors of the company are expected to subscribe under the Offering. The Offering is expected to close on or about May 27, 2022.

Closing of the Offering is subject to the approval of the TSX Venture Exchange. The securities to be issued under the Offering will be subject to a statutory hold period of four months and a day from the closing date of the Offering in accordance with applicable securities laws.