CAR's Transitional Government Confirms it Will Honour AXMIN's Licences and Permits
TORONTO, ONTARIO--(Marketwired - Apr 2, 2013) - AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") is pleased to reference COMMUNIQUE GOUVERNEMENTAL NUMERO 01 of the Transitional Government of the Central African Republic ("CAR") that confirms that all lawfully and legitimately concluded contracts with the State will be honoured. In August 2010, AXMIN announced the award of the Passendro 25-year Mining Licence and accompanying 2010 Amendment to the 2006 Mining Convention along with the award of the Bambari 1 and 2 Exploration Licences. As per the CAR Mining Code the above became official on, August 7, 2010 when it was published in the Government Gazette. Both the Gazette and the Communique referred to are attached below.
President and CEO of AXMIN, Mr. George Roach, comments, "This is further confirmation of the validity of AXMIN's legally binding contractual agreements with the State and the will of the CAR transitional government both to honour those agreements and to create an environment in which we will be able to develop the Passendro Mine."
About AXMIN:
AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN has projects in the Central African Republic, Mozambique and Senegal. 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.
To view the documents associated with this press release, please visit the following link: http://media3.marketwire.com/docs/AXMIN-CAR_Communique.pdf.
