Axcap Ventures Extends Milestone Payment Deadline With Waterton
Axcap Ventures (OTCID:GARLF) has successfully negotiated an extension for its milestone payment obligation with Waterton Nevada Splitter LLC. The payment, originally due on July 15, 2025, has been extended to September 30, 2025.
As consideration for this extension, Axcap has issued 1,550,000 common shares to Waterton. These shares are subject to a four-month-and-one-day hold period from their issuance date. The extension agreement modifies the original milestone payment rights agreement dated July 15, 2024, between Converse Acquisition Company, Limited and Waterton.
Axcap Ventures (OTCID:GARLF) ha concordato con successo un'estensione della scadenza relativa al suo obbligo di pagamento legato al raggiungimento di milestone con Waterton Nevada Splitter LLC. Il pagamento, originariamente previsto per il 15 luglio 2025, 猫 stato prorogato al 30 settembre 2025.
In cambio di tale estensione, Axcap ha emesso 1.550.000 azioni ordinarie a Waterton. Tali azioni sono soggette a un periodo di blocco di quattro mesi e un giorno dalla data di emissione. L'accordo di proroga modifica l'accordo originale sui diritti di pagamento per milestone del 15 luglio 2024 tra Converse Acquisition Company, Limited e Waterton.
Axcap Ventures (OTCID:GARLF) ha negociado con 茅xito una pr贸rroga del plazo de su obligaci贸n de pago por hitos con Waterton Nevada Splitter LLC. El pago, inicialmente fijado para el 15 de julio de 2025, se ha extendido hasta el 30 de septiembre de 2025.
Como contraprestaci贸n por esta pr贸rroga, Axcap ha emitido 1.550.000 acciones ordinarias a favor de Waterton. Estas acciones estar谩n sujetas a un per铆odo de retenci贸n de cuatro meses y un d铆a a partir de su fecha de emisi贸n. El acuerdo de extensi贸n modifica el acuerdo original de derechos de pago por hitos, con fecha del 15 de julio de 2024, entre Converse Acquisition Company, Limited y Waterton.
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Axcap Ventures (OTCID:GARLF) a n茅goci茅 avec succ猫s une prolongation du d茅lai de son obligation de paiement li茅e 脿 des jalons avec Waterton Nevada Splitter LLC. Le paiement, initialement d没 le 15 juillet 2025, est report茅 au 30 septembre 2025.
En contrepartie de cette prolongation, Axcap a 茅mis 1 550 000 actions ordinaires en faveur de Waterton. Ces actions sont soumises 脿 une p茅riode de blocage de quatre mois et un jour 脿 compter de leur date d'茅mission. L'accord de prolongation modifie l'accord initial relatif aux droits de paiement par jalons dat茅 du 15 juillet 2024 entre Converse Acquisition Company, Limited et Waterton.
Axcap Ventures (OTCID:GARLF) hat eine Verl盲ngerung der Frist f眉r seine Meilenstein-Zahlungsverpflichtung mit Waterton Nevada Splitter LLC erfolgreich ausgehandelt. Die urspr眉nglich am 15. Juli 2025 f盲llige Zahlung wurde auf den 30. September 2025 verschoben.
Als Gegenleistung f眉r diese Verl盲ngerung hat Axcap Waterton 1.550.000 Stammaktien ausgegeben. Diese Aktien unterliegen ab dem Ausgabedatum einer Sperrfrist von vier Monaten und einem Tag. Die Verl盲ngerungsvereinbarung 盲ndert die urspr眉ngliche Vereinbarung 眉ber Meilenstein-Zahlungsrechte vom 15. Juli 2024 zwischen Converse Acquisition Company, Limited und Waterton.
- None.
- Dilution of existing shareholders through issuance of 1,550,000 new shares
- Delayed payment may indicate potential cash flow challenges
VANCOUVER, BC / / August 12, 2025 / AXCAP VENTURES INC. ("Axcap" or the "Company") (CSE:AXCP)(OTCID:GARLF) is pleased to announce that the Company and Waterton Nevada Splitter LLC ("Waterton") agreed to extend the milestone payment due on July 15, 2025 to September 30, 2025 pursuant to the milestone payment rights agreement dated July 15, 2024 between Converse Acquisition Company, Limited and Waterton. In consideration of the extension, the Company has issued to Waterton 1,550,000 common shares of the Company (the "Shares"). The Shares are subject to a hold period ending on the date that is four months and a day from the date of issuance.
About Axcap Ventures Inc.
Axcap Ventures is focused on consolidating neglected resources in the USA and Canada that we believe are constrained by drilling not geology. Our goal is to deliver a portfolio of development ready gold resources into the next gold cycle and to raise capital and grow these neglected orebodies when conventional single asset explorers are shut out of the market.
For more information, please visit our website at
On behalf of the Board of Directors,
"Mario Vetro"
Mario Vetro,
Co-Founder & Director
For further information, please contact the Company at +1 (604) 687 7130
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or. developments that the Company expects to occur, are forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: AXCAP VENTURES INC.
View the original on ACCESS Newswire
FAQ
What is the new milestone payment deadline for Axcap Ventures (GARLF)?
How many shares did Axcap Ventures issue to Waterton for the payment extension?
What is the hold period for the newly issued Axcap Ventures shares?
When was the original milestone payment rights agreement between Waterton and Converse Acquisition Company signed?
