SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

March 26, 2015 15:25 ET

Axios Mobile Assets Corp. Closes $5,250,000 Private Placement

VAUGHAN, ON--(Marketwired - Mar 26, 2015) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Axios Mobile Assets Corporation (CSE: AXA) ("Axios" or the "Company") is pleased to announce that it has closed a private placement of 70,000,000 units (the "Units") at a price of $0.075 per Unit to raise aggregate gross proceeds of CDN$5,250,000 (the "Offering"). Each Unit consists of one common share in the capital of the Company and one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share at a price of CDN$0.15 until March 25, 2017. Primary Capital Inc. acted as lead agent for the Offering, with Jacob Securities Inc. acting as co-manager (collectively, the "Agents"). The Agents received a cash commission equal to 8% of the gross proceeds of the Offering, and broker options entitling the Agents to purchase 5,600,000 Units at CDN $0.075 per Unit until March 25, 2017.

The proceeds of the Offering will be used for manufacture of composite pallet inventory, logistics costs, working capital and general corporate purposes, offering costs, and compliance.

All of the common shares, warrants and broker options issued pursuant to the Offering are subject to a four‐month hold period ending on July 26, 2015.

Richard MacDonald, CEO of Axios stated, "The money raised from this financing will enable Axios to increase production of pallet inventory to support the expansion and backlog of our pallet pooling and logistics operations and as we continue to roll out our pallet and technology platform through the US grocery market."

This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The securities of Axios have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

About Axios Mobile Assets

Axios Mobile Assets Corp. is a logistics enabler, providing greater supply chain visibility. The Axios Solution features next generation lightweight composite pallet technology. The Axios Solution, when applied with its proprietary tracking and information system delivers actionable data that helps improve the value chain. The Axios Solution is gaining market acceptance based on its unique attributes: lower total cost, longer useful life, and customized configurations. The Axios Solution will increase sustainability performance for its users through the generation and subsequent retirement of carbon credits. It is also possible to monetize the generated credits to provide users with an additional revenue stream, to assist in the overall reduction of cost within their supply chain. 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.

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.

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