2018-11-24

Shareholders vote in favour of the acquisition of Terranueva Pharma

MONTRÉAL, QUÉBEC – AXE EXPLORATION INC. (the "Company") is proud to announce that at the extraordinary shareholders’ meeting held on November 23, 2018, its shareholders voted in favor of the acquisition of Terranueva Pharma Corporation and the concurrent financing (72.0%). The shareholders also approved, by the required majority, a change of name to Corporation Terranueva/Terranueva Corporation), the consolidation (16 to 1) of the issued and outstanding common shares of the Company (the "Common Shares") and the modification to the Stock Option Plan, as provided in the Information Circular dated October 23, 2018. The acquisition and the offering remain subject to final approval by the Canadian Securities Exchange.

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