TORONTO, Jan. 17, 2018 /CNW/ – Axis Auto Finance Inc. (TSXV:AXIS) (“Axis” or “the Company”), is pleased to announce today that it has entered into an amended agreement with Canaccord Genuity Corp. and INFOR Financial Inc. (as “Co-Lead Agents”) and including PI Financial Corporation and Raymond James Ltd. (collectively, the “Agents”), to increase the size of the previously announced offering of subscription receipts (the “Subscription Receipts”) of the Company. Under the amended terms of the offering, Axis has agreed to sell an additional 7,285,714 Subscription Receipts, on a private placement basis at a price of $0.70 per Subscription Receipts, for a total of 25,714,285 Subscription Receipts issued under the Offering for total gross proceeds of $18 million (the “Offering”). In addition, the Agents have been granted an option, exercisable in whole or in part at the offer price not later than closing of the Offering, to purchase up to 3,085,714 Subscription Receipts for additional gross proceeds of $2.16 million.