SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

October 21, 2015 15:26 ET

2015-1008 - Consolidation - Axios Mobile Assets Corp. (AXA) - Record Date Change (Amended)

MISSISSAUGA, ON--(Marketwired - Oct 21, 2015) - Axios Mobile Assets (CSE: AXA) (OTCQB: AXBSF) ("Axios" or the "Company") has announced a consolidation of its issued and outstanding share capital on the basis of one (1) post consolidation share for each ten (10) pre consolidation common shares. No fractional shares will be issued under the share consolidation and any fraction will be rounded to the nearest whole number. 

As a result, the outstanding common shares of the company will be reduced to approximately 23,621,027. 

The shares will begin trading on a consolidated basis and with a new CUSIP number October 22, 2015. The name and symbol will not change.

Please note that all open orders will be cancelled at the end of business on today, October 21, 2015. Dealers are reminded to re-enter their orders taking into account the share consolidation.  

Trading on a Consolidated Basis: October 22, 2015
Record Date:  October 26, 2015
NEW CUSIP:  05462X 40 4
NEW ISIN:  CA 05462X 40 4 9 

This press release amends our press release of October 20, 2015.

Registered shareholders will receive a letter of transmittal with information on how to replace their old share certificates with the new share certificates. Alternatively, further information and the letter of transmittal is available on the Company's website at www.cgxenergy.com.

About Axios Mobile Assets

Axios Mobile Assets Corp. is a supply chain logistics company. Axios is becoming a key supplier of pooled pallets primarily in the perishable food category. The Axios Solution, includes proprietary tracking and information systems that deliver actionable data that helps improve supply chain visibility and food safety. The Axios Solution is gaining market acceptance based on its unique attributes: lower total cost, lighter weight, sanitary pallets, and real time data. Axios was incorporated under the Business Corporations Act (Ontario) and is a reporting issuer in the Province of Ontario. Axios is traded on the Canadian Securities Exchange (CSE) under the symbol AXA, and on the OTCQB Venture Marketplace under the symbol AXBSF.

Further information concerning the Company can be found at www.axiosma.com, www.sedar.com and www.cnsx.ca.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether Axios and the pallet management company are able to agree on the terms of a definitive supply agreement, and whether Axios is able to meet price, performance, quality and delivery requirements. Axios undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • CONTACT:
    Richard MacDonald
    President & CEO
    Email Contact
    877-762-9467 x601

    Peter Murray
    Shareholder Contact
    Email Contact
    778-839-8382