AXMIN Reports on Recent Events in the Central African Republic
January 20 2014 - 6:21AM
Marketwired Canada
AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") announces today that it
is closely monitoring the recent political developments in the Central African
Republic ("CAR"). On Friday, January 10, 2014, due to intense diplomatic
pressure during the Extraordinary Summit of Economic Community of Central
African States ("ECCAS") held in Chad, CAR's Interim President, Michel Djotodia
and Prime Minister, Nicolas Tiangaye, both resigned. The resignations are
intended to assist in ending the sectarian strife that has gripped the CAR for
the past 10 months.
AXMIN's permanently stationed Vice President and CAR Country Manager, Mr. Jiang
Lifei, reports that AXMIN's local staff in the CAR is working closely with all
stakeholders to ensure the Company is fully updated on what is happening in the
country. He has forwarded news reports from the local media that the country's
135 Parliamentarians have begun the 10-day process of electing a new political
leader and have submitted nominations for the CAR's new Interim President on
Wednesday, January 15, 2014. He adds that, at this time, there is an African
Union of peacekeeping forces in the country of 3,500, along with 1,600 French
troops, with more peacekeepers expected to arrive in the near future. In the
meantime, AXMIN will continue to conduct its activities in the CAR in a safe and
diligent manner.
AXMIN's Chairman and CEO, Lucy Yan, comments, "We remain in close contact with
our representatives in the CAR and will continue to report any significant
developments. AXMIN is confident that our excellent relationship with the local
government and CAR Ministers will continue and that we are continuing to monitor
the extent of the restoration of peace and stability in the country. The Company
remains committed to developing the Passendro Gold Project, which is expected to
contribute greatly to the local economy and benefit the Company and our
shareholders."
AXMIN Halt Trading Lifted
AXMIN's stock resumed trading on Tuesday, January 14, 2014 following the
acceptance by the TSX Venture Exchange of Shirong Xia acquiring control of
Dickson Resources Limited.
About AXMIN
AXMIN is a Canadian exploration and development company with a strong focus on
Central and West Africa. AXMIN is positioned to grow in value as it progresses
its Passendro Gold Project towards development and builds on its project
pipeline focusing on transitioning from an explorer to producer. For more
information regarding AXMIN visit our website at www.axmininc.com.
This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact included herein, including
without limitation, statements regarding future plans and objectives of AXMIN;
and statements regarding the ability to develop and achieve production at
Passendro are forward-looking statements that involve various risks and
uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause actual results to differ
materially from AXMIN's expectations have been disclosed under the heading "Risk
Factors" and elsewhere in AXMIN's documents filed from time-to-time with the TSX
Venture Exchange and other regulatory authorities. AXMIN disclaims any intention
or obligation to update or revise any forward looking statements whether
resulting from new information, future events or otherwise, except as required
by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
AXMIN Inc.
Lucy Yan
Chairman and CEO
778-373-5558
ceo@axmininc.com
AXMIN Inc.
Investor Relations
ir@axmininc.com
www.axmininc.com
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