AXCAP Ventures Launches $4.2 Million Private Placement

Netcoins Holdings Inc (TSE:AXCP) has released an update.

AXCAP VENTURES INC. has announced a non-brokered private placement aimed at raising up to $4.2 million through the sale of 70 million units at $0.06 each, with each unit comprising a common share and a purchase warrant. The warrants allow the purchase of additional shares at $0.72 over the next five years. The funds raised will be directed towards working capital, general corporate purposes, and investment in various sectors including technology and natural resources.

For further insights into TSE:AXCP stock, check out TipRanks’ Stock Analysis page.