AXCAP Ventures Announces Automatic Conversion of Special Warrants

AXCAP Ventures Inc. has announced the filing of a prospectus supplement to qualify the distribution of securities underlying 7,990,000 special warrants issued in two tranches. This supplement pertains to the company’s short form base shelf prospectus. The distribution includes 7,990,000 common shares and an equal number of purchase warrants. Each warrant allows the holder to acquire a common share at $0.20 within five years from the offering's closing date.

The special warrants are set to be automatically converted into common shares and warrants on April 28, 2025. No action is required from holders for this conversion. This conversion applies to the provinces of British Columbia, Alberta, and Ontario.

Securities in this release have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or exemption. Detailed information is available on SEDAR+.