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Axios issues 505,456 shares for debenture interest

Last updated: 13:58 18 Jan 2017 EST, First published: 08:58 18 Jan 2017 EST

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Issues half a million shares

Axios Mobile Assets Corp. (CVE:AXA) has issued an aggregate of 505,456 common shares at a deemed price of 8.25 cents 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 Oct. 1, 2016, and Dec. 31, 2016. Each share is subject to a hold period of four months and one day expiring on May 18, 2017.

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