Axiom Mining Limited (ASX:AVQ) announced a private placement of 8,333,335 shares at an issue price of AUD 0.12 per share for gross proceeds of AUD 1,000,000 on July 6, 2018. The company will also issue 1 attaching unlisted option with each share. The options have an exercise price of AUD 0.20 expiring on June 30, 2019.