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Axion Ventures Announces Corporate Update and Convertible Debenture Financing
Axion Ventures Announces Corporate Update and Convertible Debenture Financing.
About this update from Axion Ventures Inc
[{"type":"text","content":"\n\n\n\nAxion Ventures Announces Corporate Update and Convertible Debenture Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAxion Ventures Announces Corporate Update and Convertible Debenture Financing\nPR Newswire\nVANCOUVER, Aug. 22, 2019\n\n\n\nVANCOUVER, Aug. 22, 2019 /PRNewswire/ - Axion Ventures Inc. (\"Axion Ventures\" or the \"Company\") (TSX VENTURE: AXV; OTCQX: AXNVF) is pleased to announce the following corporate update pertaining to its video game portfolio including its flagship video game, Rising Fire, which is under a distribution partnership with Tencent Holding Limited's (HKG: 0700) (OTC: TCEHY) (\"Tencent\").\n\n \n \n\n \nSummary: \nRising Fire continually improves and is moving closer to full commercial launch Co-development deal signed with a leading global video game developer on favorable terms Multiple distribution contracts are in negotiation for commercial launch of Invictus: Lost Soul  Closing a Convertible Debenture of US$1,375,000Rising Fire\nAfter five years of development and testing, Rising Fire is in the late stages of being 'tuned to the market' in open-beta release by Tencent. Rising Fire represents over 800 man-years of development and management is confidently expecting that full commercial launch is approaching. \n\"Axion has experienced a thorough tuning process working towards a commercial launch that is typical of the video game industry. As an analogue, one of Tencent's current games, Crossfire, was subjected to an almost 24 month 'tuning to market' process prior to full commercial launch. Crossfire is now in its 10th year of revenue generation and is Tencent's highest grossing lifetime video game. The scope, size, and potential of Rising Fire are reflected in the amount of time that Axion and Tencent have attributed to ensuring the programmed success of the game at commercial launch,\" said Todd Bonner, CEO of Axion Ventures. \n\"After the delivery of Rising Fire 'Season 1' in June of 2019, Tencent began testing the June delivery in late July. As a result, the game took a major step towards our...