Axiom axes entitlement offer

SOLOMON Islands nickel miner Axiom Mining appeared to be tottering towards a potential collapse this morning, withdrawing a A$4.2 million entitlement offer after three months, with no indication it has lined up any other line of income to fund its operations.

Axiom axes entitlement offer Axiom axes entitlement offer Axiom axes entitlement offer Axiom axes entitlement offer Axiom axes entitlement offer

San Jorge is proving to be a cash sink.

The company, which had just $400,000 at June 30, announced a 1:5 renounceable shareholder entitlement offer in mid-May, seeking funds to continue expanding its laterite mining operations, and to

topics

loader