Axcap Ventures Initiates Voluntary Lockup for 96 Million Shares

Axcap Ventures Inc. (CSE:AXCP)(OTC PINK:GARLF) has announced that certain shareholders have entered into voluntary pooling agreements. This initiative restricts the sale of approximately 96,003,987 common shares, or 57.15% of the 168,000,000 shares from its $0.06 unit offering concluded in 2024. The release of these shares will occur in phases, starting with 22.5% three months from now, followed by 5% increments over the next 12 to 19 months, and concluding with 7.5% intervals from month 20 to 24.

Co-Founder Mario Vetro emphasized the significance of shareholder commitment, noting the positive developments in their Converse gold project in Nevada. The company is bolstering market liquidity and marketing initiatives during this lockup period. Vetro highlighted continuous insider buying, showcasing confidence in the company's assets and strategic direction.