Axcap Ventures has implemented a minimum share ownership policy for its Board of Directors and Senior Executives, requiring them to maintain specific ownership levels of company shares. Since January 2025, insiders have collectively acquired over 2.4 million shares worth more than $400,000 in the open market. The policy mandates that certain parties must own shares equivalent to at least two times their base salary, including unvested share units like PSUs and RSUs. Any material changes to this threshold will require mutual consent. The company's Converse property represents the largest undeveloped gold deposit in Nevada with 5.57 Moz M&I, and management expects to release initial drill results in the coming weeks.
Axcap Ventures ha implementato una politica di propriet脿 minima di azioni per il suo Consiglio di Amministrazione e Dirigenti Senior, richiedendo loro di mantenere livelli specifici di possesso azionario. Da gennaio 2025, gli insider hanno acquisito collettivamente oltre 2,4 milioni di azioni per un valore superiore a 400.000 dollari sul mercato aperto. La politica prevede che determinate persone detengano azioni equivalenti ad almeno il doppio del loro stipendio base, includendo anche le azioni non maturate come PSUs e RSUs. Qualsiasi modifica significativa a questa soglia richieder脿 il consenso reciproco. La propriet脿 Converse dell'azienda rappresenta il pi霉 grande giacimento aurifero non sviluppato del Nevada con 5,57 milioni di once M&I, e la direzione prevede di pubblicare i primi risultati di perforazione nelle prossime settimane.
Axcap Ventures ha implementado una pol铆tica de propiedad m铆nima de acciones para su Junta Directiva y Ejecutivos Senior, exigiendo que mantengan niveles espec铆ficos de participaci贸n accionaria. Desde enero de 2025, los insiders han adquirido colectivamente m谩s de 2,4 millones de acciones por un valor superior a 400,000 d贸lares en el mercado abierto. La pol铆tica establece que ciertas partes deben poseer acciones equivalentes al menos al doble de su salario base, incluyendo unidades de acciones no devengadas como PSUs y RSUs. Cualquier cambio material en este umbral requerir谩 consentimiento mutuo. La propiedad Converse de la compa帽铆a representa el mayor dep贸sito de oro no desarrollado en Nevada con 5,57 millones de onzas M&I, y la gerencia espera publicar los primeros resultados de perforaci贸n en las pr贸ximas semanas.
Axcap Ventures a mis en place une politique de d茅tention minimale d'actions pour son conseil d'administration et ses cadres sup茅rieurs, leur demandant de maintenir des niveaux sp茅cifiques de propri茅t茅 d'actions de la soci茅t茅. Depuis janvier 2025, les initi茅s ont collectivement acquis plus de 2,4 millions d'actions d'une valeur de plus de 400 000 dollars sur le march茅 libre. La politique exige que certaines parties d茅tiennent des actions 茅quivalentes 脿 au moins deux fois leur salaire de base, y compris les unit茅s d'actions non acquises telles que les PSU et RSU. Toute modification importante de ce seuil n茅cessitera un consentement mutuel. La propri茅t茅 Converse de la soci茅t茅 repr茅sente le plus grand gisement d'or non d茅velopp茅 du Nevada avec 5,57 millions d'onces M&I, et la direction pr茅voit de publier les premiers r茅sultats de forage dans les semaines 脿 venir.
Axcap Ventures hat eine Mindestbeteiligungsrichtlinie f眉r seinen Vorstand und seine leitenden Angestellten eingef眉hrt, die von ihnen verlangt, bestimmte Aktienbesitzniveaus des Unternehmens aufrechtzuerhalten. Seit Januar 2025 haben Insider insgesamt 眉ber 2,4 Millionen Aktien im Wert von mehr als 400.000 US-Dollar am offenen Markt erworben. Die Richtlinie schreibt vor, dass bestimmte Parteien Aktien im Wert von mindestens dem Doppelten ihres Grundgehalts besitzen m眉ssen, einschlie脽lich nicht unverfallbarer Aktienanteile wie PSUs und RSUs. Wesentliche 脛nderungen dieser Schwelle bed眉rfen der gegenseitigen Zustimmung. Das Converse-Grundst眉ck des Unternehmens stellt die gr枚脽te unerschlossene Goldlagerst盲tte in Nevada mit 5,57 Millionen Unzen M&I dar, und das Management erwartet, in den kommenden Wochen erste Bohrergebnisse zu ver枚ffentlichen.
Positive
Insiders have demonstrated confidence by purchasing over 2.4 million shares worth $400,000 since January 2025
Implementation of share ownership policy aligns management interests with shareholders
Company owns the largest undeveloped gold deposit in Nevada (5.57 Moz M&I)
Upcoming catalyst with drill results expected in the coming weeks
Negative
None.
TORONTO, ON / / June 12, 2025 / Axcap Ventures Inc. ("Axcap" or the "Company") (CSE:AXCP)(OTC PINK:GARLF) is pleased to announce that it has implemented a minimum share ownership policy (the "Share Ownership Policy") with the members of the Board of Directors and Senior Executives of the Company (the "Applicable Party").
Since January 2025, there has been significant acquisitions of common shares of the Company in the open market by insiders of the Company, acquiring collectively greater than 2,400,000 shares for a total value of more than $400,000.
Under the terms of the Share Ownership Policy, each Applicable Party is required to attain and maintain the required minimum ownership levels of shares in the Company as set out in the Share Ownership Policy. Certain Applicable Parties are required to own a number of shares of the Company, which inclusive with the value of any unvested share units (e.g. PSUs, RSUs, etc), is the equivalent to at least two times the applicable base salary (the "Minimum Share Ownership Threshold"). Any future modification of the Share Ownership Policy that results in a material change to the Minimum Share Ownership Threshold will require the mutual consent of the Company and the Applicable Party.
Mario Vetro, Co-founder and Director of the Company commented: "We believe that Converse is a rare asset and undervalued relative to peers and we are increasing our exposure to this opportunity. As a team, we intend to unlock this value for ourselves and fellow stockholder by de-risking what is already the largest undeveloped gold deposit in Nevada (5.57 Moz M&I)1 not owned by a senior. We look forward to sharing our first drill results in the weeks ahead."
For further information, visit or follow us on LinkedIn and other channels.
1 See "Amended and Restated Technical Report and Mineral Resource Update, Converse Property, Humboldt County, Nevada, USA" with an effective date of February 13, 2025 available under the Company's SEDAR+ profile at www.sedarplus.ca.
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 and 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 Axcap Ventures' new share ownership policy for executives?
Axcap Ventures requires Board members and Senior Executives to maintain minimum share ownership levels equivalent to at least two times their base salary, including unvested share units like PSUs and RSUs.
How many shares have Axcap Ventures insiders purchased since January 2025?
Insiders have collectively acquired over 2.4 million shares worth more than $400,000 in the open market since January 2025.
What is the size of Axcap Ventures' Converse gold deposit in Nevada?
The Converse property is the largest undeveloped gold deposit in Nevada with 5.57 Moz M&I (Measured and Indicated) resources.
When will GARLF release its first drill results from the Converse property?
The company expects to release its first drill results in the weeks ahead.
What happens if Axcap Ventures wants to change the minimum share ownership threshold?
Any material changes to the minimum share ownership threshold will require mutual consent between the company and the affected parties.
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