Axion Ventures Inc. (TSXV:AXV) announced a non-brokered private placement of 35,000,000 units issued at a price of CAD 0.20 per unit gross proceeds of up to CAD 7,000,000 on July 30, 2020. The transaction include participation from returning investor Kuni Umi Asset Management. Each unit consists of one common share and one share purchase warrant exercisable into one additional common share at CAD 0.20 for a period of six months after the closing date of the transaction. All of or a portion of the transaction may be subject to finder's fees or commissions. The securities issued in the transaction is subject to a hold period of four months. The transaction is subject to the approval of the TSX Venture Exchange.