11:32 AM EDT, 06/04/2025 (MT Newswires) -- Axo Copper (AXO.V) which began trading on the TSX Venture Exchange on Wednesday, closed its initial public offering of 21-million units priced at $0.55 each, raising $11.5 million. .

Each unit consists of one share and half of a two-year warrant to buy a share at $0.70.

"We are proud to announce the closing of the company's initial public offering, a significant milestone as the company advances its high-grade La Huerta copper project," said Jonathan Egilo, chief executive officer.

The company's shares were last seen down $0.05 to $0.50 on the TSX Venture Exchange.

Price: 0.50, Change: -0.09, Percent Change: -15.25