Netcoins Holdings Inc ( (TSE:AXCP) ) has provided an update.
AXCAP Ventures Inc. has successfully completed the acquisition of Converse Acquisition Company, which owns a significant gold project in Nevada. This acquisition aligns with AXCAP’s strategy to provide long-term capital growth by investing in valuable natural resource projects. The transaction involved payments totaling C$1.5 million and the issuance of 20 million common shares to Converse’s sole shareholder. The acquisition enhances AXCAP’s portfolio with a strategically located gold deposit in one of the world’s most prolific mining regions, potentially boosting its market position and offering substantial growth opportunities for stakeholders.
More about Netcoins Holdings Inc
AXCAP Ventures Inc. is an investment company focused on identifying promising companies with excellent projects or innovative technologies. The company aims to maximize returns for its shareholders through strategic investments in early-stage or undervalued companies and natural resource projects.
YTD Price Performance: 15.79%
Average Trading Volume: 59,714
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$40.11M
For a thorough assessment of AXCP stock, go to TipRanks’ Stock Analysis page.