Business
Axcap Ventures Announces Fully Subscribed C$8.2 Million Financing With a Strategic Investor Acquiring 9.9% of the Company
TORONTO, ON / ACCESS Newswire / October 14, 2025 / Axcap Ventures Inc. (CSE:AXCP) ("Axcap" or the "Company") is pleased to announce a proposed a non-brokered pr
About this update from Roxmore Resources Inc.
[{"type":"text","content":" TORONTO, ON / ACCESS Newswire / October 14, 2025 / Axcap Ventures Inc. (CSE:AXCP) (\"Axcap\" or the \"Company\") is pleased to announce a proposed a non-brokered private placement (the \"Offering\") of common shares of the Company (\"Common Shares\"), to raise aggregate gross proceeds of $8,160,000. Pursuant to the Offering, the Company intends to issue an aggregate of 48,000,000 Common Shares to a strategic investor (representing a 9.9% investment in the Company upon completion of the Offering), at an issue price of $0.17 per share. The Offering is expected to close on or about October 21, 2025. \"This financing will be completed at a significant premium to the price at which we completed our September 2025 financing, reflecting continuing investor confidence in our business. With the addition of a new cornerstone investor, we will further strengthen our shareholder base, which will position us to unlock the significant potential of our flagship Converse Gold Project in Nevada, USA. We are very encouraged by this early momentum and the strong support for our vision,\" said John Dorward, Chief Executive Officer of the Company. The proceeds of the Offering will be used primarily for general corporate purposes, including the completion of a Preliminary Economic Assessment on the Converse Gold Project, as approved by management of the Company from time to time. A cash finder's fee will be paid by the Company in connection with the Offering. The securities issued pursuant to the Offering are subject to a statutory hold period four months and a day from the date of issuance About Axcap Venture Inc. Axcap is focused on developing its flagship, Converse Gold Project, a large, underdeveloped gold deposit not owned by a major mining company in Nevada, USA. The Converse Gold Project is located within the prolific Battle Mountain trend containing 5.57Moz Au of Measured and Indicated Mineral Resources and 0.42Moz Au Inferred Mineral Resources (238mt at 0.539g/t Au for 4.13Moz Measured Mineral Resources; 92mt at 0.487g/t Au for 1.44Moz Indicated, 25mt at 0.528g/t Au for 0.42Moz Inferred Mineral Resources). With decades of expertise in Nevada and globally, our Board and management are focused on unlocking the potential of this project. For further details please refer to our technical report entitled \"Amended and Restated NI 43-101 Technica...