Brief: Axion Power entered into settlement and release agreement with Robert Averill, a shareholder and former director

Axion Power International

15/12/2014 21:36

Dec 15 (Reuters) - Axion Power International Inc  AXPW.O : 
 * On December 12, entered into a settlement and release agreement with robert 
   averill, a shareholder and former director 
 * Agreement with respect to $735,000 original principal amount subordinated 
   convertible note as issued to averill 
 * Satisfied obligations to averill under note by payment of $765,000 via wire 
   transfer, issuance of 96,749 shares 
 
 * Source text for Eikon  ID:nEOL6fpdxG  
 * Further company coverage  AXPW.O   
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