Axion Ventures Board Appointment & Resignation

Axion Ventures Board Appointment & Resignation

VANCOUVER, June 25, 2018 /CNW/ - Axion Ventures Inc. ("Axion" or the "Company") (TSXV: AXV) is pleased to announce the appointment of Mr. Yoshihiro Obata to the Company's Board of Directors.

Mr. Obata has over 30 years of experience with technology companies as a founder, software engineer, board member and senior executive. Most recently, Mr. Obata was a founding member, Director and CTO of eAccess, an ADSL wholesale company, which acquired a 3G license in 2005 and successfully introduced LTE in 2012 (under the EMOBILE brand). In 2013, after the acquisition of eAccess by Softbank, he moved to Equinix Japan and has served as the President & CEO of BizMobile since 2015.

Todd Bonner, CEO and Chairman of Axion states, "We are very pleased to have Mr. Obata join the Company's Board. His network, technical background, and executive & board experience will assist Axion in advancing current mandates as well as rounding out the expertise of the Board."

In connection with the appointment of Mr. Obata, the Company also announces the resignation from the Board of Mr. Birathon. The Company thanks Mr. Birathon for his service and wishes him the best in his future endeavors.

Concurrent with Mr. Obata's Board appointment, Mr. Obata has been granted a total of 500,000 incentive stock options. Each stock option will allow Mr. Obata to purchase a common share of Axion at a price of $0.90, with an expiry of 5 years and subject to a standard three-year vesting period.

About Axion

Axion is an Investment Issuer with majority ownership in Axion Games, an online video game development and publishing company headquartered in Shanghai, China as well as in True Axion Interactive Ltd., a video game development company headquartered in Bangkok, Thailand and cofounded with True Corporation. Axion Ventures also maintains holdings in other innovative technology companies.  

www.axionventures.com

Axion Ventures Inc. is listed on the TSX Venture Exchange under the symbol (TSXV: AXV).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Axion Ventures Inc.