AXMIN Inc. announced a non-brokered private placement of 10,000,000 common shares at CAD 0.05 per share for the gross proceeds of CAD 500,000 on March 28, 2023. The transaction is expected to close on or about April 30, 2023 or such other date as the Company may determine. Closing of the transaction is conditional upon receipt of all required approvals, including the approval of the TSX Venture Exchange.

The securities to be issued under the transaction will be subject to a statutory hold period of four months and a day from the closing date of the transaction in accordance with applicable securities laws.