Received by email:
File: 20190321_EWR Press Release- Final 1.0.docx
EARLY WARNING PRESS RELEASE
Axion Ventures Control Person Completes Swap Transaction
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
March 21, 2019, Tortola, British Virgin Islands
Cern One Limited ("Cern One") has confirmed that it has sold 5,750,000 common shares of Axion Ventures Inc. ("Axion")
--->at a price of $1.00 per share over the facilities of the TSX Venture Exchange and subscribed for 5,750,000 common shar
--->es from Axion at a price of $1.00 per Share (the "Swap").
Ms. Nithinan Boonyawattanapisut is the sole director of Cern One and owns 100% of the outstanding voting securities of
---> Cern One. As such, the Axion common shares held by Cern One should be considered to be under the control and directio
--->n of Ms. Boonyawattanapisut.
Subsequent to the swap, the Seller continues to own 70,593,540 common shares, which represents approximately 28.8% of
--->Axion's issued and outstanding common shares on an undiluted and partially diluted basis. 16,845,287 of Cern One's 70,
--->593,540 common shares remain deposited in performance escrow, only to be released to Cern One subject to financial per
--->formance targets being attained by Axion Games Limited as described in Cern One's initial report on Form 62-103F1 date
--->d May 18th, 2016. However, the related performance escrow agreement is in the process of being amended to extend the t
--->arget date to December 31, 2020, as disclosed in Axion's management information circular dated November 16, 2018.
The Swap was completed for investment purposes and Cern One may dispose of, or acquire, further securities of Axion in
---> the future for similar purposes.
Cern One's contact information is set forth below. For further information, including to obtain a copy of the early wa
--->rning report filed under applicable Canadian securities laws in connection with the foregoing, please contact Cern On
--->e as specified below or see Axion's profile on the SEDAR website at www.sedar.com.
Cern One Ltd.
Morgan & Morgan Building, Pasea Estate
P.O. Box 958, Road Town
Tortola, British Virgin Islands
© 2024 Canjex Publishing Ltd. All rights reserved.