SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

April 13, 2015 18:54 ET

Axios Mobile Assets Corp. Completes Previously Announced Debenture Issue and Strategic Private Placement

VAUGHAN, ON--(Marketwired - Apr 13, 2015) -

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Axios Mobile Assets Corporation (CSE: AXA) ("Axios" or the "Company") is pleased to announce that it has completed second closings on its previously announced Debenture Unit (and Equity Unit (each as defined below) private placement offerings raising aggregate gross proceeds of $1,525,000.

1,375 convertible unsecured debenture units (the "Debenture Units") have been issued today at a price of $1,000 per Debenture Unit to raise aggregate gross proceeds of CDN$1,375,000. Axios has now raised a total of $3,300,000 from the sale of Debenture Units, including $300,000 raised under an overallotment option granted to the Agent (as defined below). Each $1,000 Debenture Unit consists of (a) one debenture with a principal amount of $1,000 and convertible into common shares in the capital of the Company at a price of $0.10 per common share, and (b) 5,000 common share purchase warrants. Each whole warrant entitles the holder thereof to acquire one common share at a price of CDN$0.20 for 3 years from date of issue, subject to acceleration if the closing price of the outstanding common shares is greater than $0.70 with an average daily volume of at least 30,000 common shares for a period of 60 consecutive trading days at any time after August 13, 2015. Jacob Securities Inc. acted as lead agent for the Offering ("Agent"). A cash commission equal to 8% of the gross proceeds of the Offering, and broker options entitling the holders to purchase up to 93.2 Debenture Units at CDN $1,000 per Debenture Unit until April 13, 2018 were issued in connection with the second closing of the offering.

In addition to the Debenture Unit closing, 2,000,000 equity units (the "Equity Units") have also been issued at a price of $0.075 per Equity Unit to raise aggregate gross proceeds of CDN$150,000. Axios has now raised a total of $5,400,000 from the sale of Equity Units. Each Equity 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 for 2 years from date of issue. 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 an aggregate of up to160,000 Equity Units at CDN $0.075 per Equity Unit until April 13, 2017.

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

All of the debentures, common shares, warrants and broker options issued today are subject to a four‐month hold period ending on August 14, 2015.

Richard MacDonald, CEO of Axios stated, "We will now be moving forward with plans to address the back-log of orders for the use of our pallets and to support the logistics and technology infrastructure for our expansion throughout the US grocery market for eggs."

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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