AXMIN Reports on Recent Events in the Central African Republic
21 January 2014 - 12:21AM
Marketwired
AXMIN Reports on Recent Events in the Central African Republic
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 20, 2014) -
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.
AXMIN Inc.Lucy YanChairman and
CEO778-373-5558ceo@axmininc.comAXMIN Inc.Investor
Relationsir@axmininc.comwww.axmininc.com
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