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AXE EXPLORATION INC V.AXQ

"Axe Exploration Inc is a Canadian based exploration stage company. It is engaged in the business of acquiring, exploring and developing of mining properties and also holds interests in properties at the exploration stage located in Canada. It has interests in four properties, which are located in Quebec, mainly in Abitibi area. Its properties include Destorbelle Property, Commandant Property, Gold Peak Property and Unique Property."


TSXV:AXQ - Post by User

Comment by atikaon Nov 15, 2018 5:13pm
56 Views
Post# 28983049

RE:RE:RE:RE:RE:AXQ ONLY NEEDS EQUITY STAKE IN TERRA NOT FULL 100%

RE:RE:RE:RE:RE:AXQ ONLY NEEDS EQUITY STAKE IN TERRA NOT FULL 100%Predator, you are still trying to renegotiate a deal which has agreed upon by both Axe's board and Terranueva's board 4 months ago. Even the exclange gave his approval to the transaction ! That agreement is submitted to Axe's shareholder to be accepted or not.
At this point, you can say that it could have been made differently. Of course, the deal could have been better for Axe's shareholders and it could have been better for Terranueva's shareholders as well.
The fact is this is not what happened and nobody will change anything to that deal. If the NO vote wins, I am afraid that Axe won't be able to do something else because no more CEO, no more board and no more cash left in the company.

On a probability point of view, Terranueva is our only hope to get our money back and to make a nice return on our investment, especially if we consider the rights offering.
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