Dickson acquires additional units of AXMIN Inc. (TSXV: AXM)

TORONTO, May 24, 2013 /CNW/ - Dickson Resources Limited ("Dickson") announces 
that it has acquired an additional 29,200,000 units (the "Units") of AXMIN 
Inc. ("AXMIN") at a price of C$0.15 per Unit in connection with the closing of 
the second tranche of a private placement (the "Offering") previously 
announced in the press release of AXMIN on March 27, 2013. Each Unit 
consists of one common share of AXMIN (a "Unit Share") and one-half of one 
common share purchase warrant ("Warrants") with each whole warrant entitling 
Dickson to acquire at any time until May 24, 2015, one common share (a 
"Warrant Share") of AXMIN for C$0.15. 
On March 26, 2013, Dickson entered into a subscription agreement (the 
"Agreement") with AXMIN whereby Dickson agreed to subscribe for an aggregate 
of 45,000,000 Units at a price of C$0.15 per Unit by way of a two stage 
private placement. Dickson acquired 15,800,000 Units under the first tranche 
of the Offering for gross proceeds of C$2.37 million on April 10, 2013 (the 
"Initial Closing"). 
Closing of the second tranche (the "Second Closing") required, among other 
things, the requisite shareholder approval (the "Shareholder Approval") of 
50.1% of the votes cast at a Special Meeting of Shareholders of AXMIN (the 
"Meeting"). The Shareholder Approval was obtained on May 23, 2013. 
The 29,200,000 Unit Shares issued to Dickson upon the Second Closing, when 
added to the 15,800,000 Unit Shares issued to AXMIN on the Initial Closing, 
represents approximately 41.3% of the outstanding common shares of AXMIN as of 
the date hereof on a non-diluted basis (assuming no other common shares are 
issued and no Warrants are exercised). The 14,600,000 Warrants (the "Second 
Tranche Warrants") issued upon the Second Closing represent approximately 55% 
of the outstanding Warrants. When the Second Tranche Warrants are added to the 
7,900,000 Warrants issued on the Initial Closing, Dickson holds in the 
aggregate, 22,500,000 Warrants representing approximately 85% of the 
outstanding Warrants. 
After giving effect to the Initial and Subsequent Closing, the 45,000,000 Unit 
Shares and 22,500,000 common shares of AXMIN underlying the Warrants 
represents approximately 51.35% of those outstanding as of the date hereof, on 
a partially diluted basis (assuming no other common shares are issued and no 
convertible securities are exercised). 
The acquisition of these securities by Dickson is for investment purposes only. 
The Units were purchased in reliance on the exemption from the prospectus 
requirement set out in section 2.3 of National Instrument 45-106 - Prospectus 
and Registration Exemptions. 
Cautionary Language and Forward-Looking Statements
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts 
responsibility for the adequacy or accuracy of this release. This press 
release includes certain statements that may be deemed "forward-looking 
statements". All statements in this discussion, other than statements of 
historical facts, that address future exploration drilling, exploration 
activities, anticipated metal production, internal rate of return, estimated 
ore grades, commencement of production estimates and projected exploration and 
capital expenditures (including costs and other estimates upon which such 
projections are based) and events or developments that Dickson expects, are 
forward-looking statements. Although Dickson 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 or developments may differ materially from those in 
forward-looking statements. Factors that could cause actual results to differ 
materially from those in forward-looking statements include: metal prices; 
exploration successes; continued availability of capital and financing; and 
general economic, market or business conditions. Accordingly, readers should 
not place undue reliance on forward-looking statements. 
Name and Address of Offeror: Dickson Resources Limited Morgan & Morgan 
Building, Pasea Estate, Road Town Torotola, British Virgin Islands 
SOURCE: Dickson Resources Limited 
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CO: Dickson Resources Limited
ST: Ontario
-0- May/24/2013 23:23 GMT
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