Axcap Ventures Secures $9.2 Million through Upsized Financing

Axcap Ventures Inc. has successfully completed an upsized non-brokered private placement, securing $9.16 million in gross proceeds. The offering, originally planned in collaboration with a new cornerstone investor, was increased by an additional $1 million due to strong investor interest. A total of 53,882,353 common shares were issued under the offering.

The funds raised will primarily support general corporate purposes, including the completion of a Preliminary Economic Assessment on the Converse Gold Project. 3L Capital Inc. received a cash advisory fee for its role as a financial advisor during the offering.

All shares issued are subject to a statutory hold period until February 23, 2026. This financing marks a significant step for Axcap Ventures in advancing its flagship Converse Gold Project in Nevada.