Selling the mining asset, read between the lines!!
ORIGINAL: Axe Exploration Inc Announces the Sale of a Ground 2018-01-29 13:30 ET - News Release LAVAL, Qubec, Jan. 29, 2018 (GLOBE NEWSWIRE) -- Axe Exploration Inc. (TSX VENTURE:AXQ) (the "Corporation") the company announces the signature of a convention on the January 26, 2018 with Typhoon Exploration Inc with the aim of the sale of the Ground situated in Rouyn-Noranda in return of a sum of $40,000 in cash. The transaction was approved by the independent directors of the company and its fence is subject to the approval of the TSX Venture Exchange. David Mc Donald, president and administrator of the company, is also president and administrator of Typhoon Exploration Inc. As far as in the date of the agreements, the compensation of the operation did not exceed 25% of the market capitalisation of the company the company is exempted from the obligation of establishing an official evaluation and of obtaining the approval of the minority carriers at the end of the Regulation 61-101.David Mc Donald revealed his interest and abstained from participating in the discussion of the board of director surrounding the acquisition and to vote in this respect. Non honorary of intermediation will be payable within the framework of this transaction. For more information, visit the companys website at www.axeexploration.com or SEDARs website at www.sedar.com. The common shares of Axe Exploration Inc. are listed on the Venture Stock Exchange under the symbol AXQ. Contact and Information Axe Exploration inc. Tel : 450.622.5785 Fax : 450.622.4337 info@axeexploration.com www.axeexploration.com TSX-V: AXQ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.