Axiom Mining Limited (ASX:AVQ) announced a private placement of 20,000,000 shares at a price of AUD 0.10 per share for gross proceeds of AUD 2,000,000 on December 20, 2018. The transaction will include participation from Jeffrey Markoff, director of the company. The company will also issue 20,000,000 options with an exercise price of AUD 0.20, AUD 0.30, AUD 0.40, and AUD 0.50, with an expiry of March 30, 2027. The transaction is subject to shareholder’s approval.