AXMIN Inc. Announces Board and Management Update and Update on Recent Developments in the Central African Republic
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") is pleased to announce that Mr. John Gravelle has joined its board of directors and Mr. Jimmy Xiaolong Li has been appointed as the Interim CFO, both effective on August 28, 2023.Board and Management UpdateMr. Gravelle has board of directors' experience with several Toronto Stock Exchange ("TSX"), Canadian Securities Exchange and TSX Venture Exchange ("TSXV") mining companies,...
2023-08-28 5:54 PM EDT
AXMIN Inc. - Update on Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2023) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") announces that it is not proceeding at this time with the non-brokered private placement of up to 10,000,000 common shares at C$0.05 per share previously disclosed in the Company's new releases dated March 28, 2023, May 11, 2023 and June 9, 2023.This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be...
2023-07-10 5:30 PM EDT
AXMIN Inc. - Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2023) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") is providing the following corporate update.Private PlacementIn connection with the non-brokered private placement of up to 10,000,000 common shares at C$0.05 per share (the "Offering") previously disclosed in the Company's new releases dated March 28, 2023 and May 11, 2023, the Company has applied to the TSX Venture Exchange for a further 30-day extension of price protection in...
2023-06-09 5:30 PM EDT
AXMIN INC. Applies for Extension of Price Protection for Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2023) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") announces that in connection with the non-brokered private placement of up to 10,000,000 common shares at C$0.05 per share (the "Offering") originally announced in the Company's press release of March 28, 2023, the Company has applied to the TSX Venture Exchange for a 30-day extension of price protection in order to complete the Offering.Closing of the Offering is subject to...
2023-05-11 3:41 PM EDT
AXMIN INC. Announces Non-Brokered Private Placement Offering
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2023) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") is pleased to announce a non-brokered private placement of common shares of the Company at C$0.05 per share, up to approximately C$500,000 (the "Offering"). No insiders will participate in the Offering.The net proceeds from the Offering will be used for the Company's working capital and general corporate purposes.The Offering is expected to close on or about April 30, 2023 or...
2023-03-28 4:47 PM EDT
AXMIN Inc. Confirms End of Mediation and Initiation of International Arbitration
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2023) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") announces that the mediation process conducted with the government of the Central African Republic ("CAR") in relation to AXMIN's mining license and two exploration permits for the Passendro Gold Asset has ended without a satisfactory resolution.As previously announced on July 8, 2022, AXMIN agreed to final mediation with the government of the CAR. After numerous delays on the...
2023-02-10 9:30 AM EST
AXMIN Inc. Announces Second and Final Mediation With the Government Of the Central African Republic
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2022) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") is pleased to announce that it has agreed a second and final mediation process regarding the Passendro Gold Asset in the Central African Republic (CAR) to rectify the mining license and two exploration permits or agree monetary damages to take place later this month in Abidjan, Ivory Coast.As stated previously the President of CAR Mr Faustin-Archange Touadera gave a mandate to Mr...
2022-07-08 4:51 PM EDT
AXMIN INC. Announces Closing of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2022) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") is pleased to announce that, further to its news release dated April 13, 2022, the Company has completed a non-brokered private placement of 7,000,000 common shares (the "Common Shares") of the Company at a price of C$0.03 per Common Share (the "Offering Price") for gross proceeds of approximately C$210,000.The Company intends to use the net proceeds of the Offering for the...
2022-05-25 5:32 PM EDT
AXMIN INC. Announces Non-Brokered Private Placement Offering and Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2022) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") is pleased to announce a non-brokered private placement of common shares of the Company at C$0.03 per share, up to approximately C$250,000 (the "Offering").The net proceeds from the Offering will be used for the Company's working capital and general corporate purposes and funds will not primarily be used to pay management fees or for Investor Relations Activities.The Offering is...
2022-04-13 9:25 PM EDT
AXMIN Inc. Announces Progress Report on Mediation with the Government of the Central African Republic
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2021) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") is pleased to announce a progress report on the mediation process that was initiated by the Company regarding the Passendro Gold Project in the Central African Republic (CAR) to rectify the mining license and two exploration permits, as previously publicly disclosed by the Company including in "Operations - Central African Republic - Passendro Gold Project" in the Company's...
2021-11-29 5:13 PM EST
AXMIN Inc. Announces a Further Update to its Annual Filings and Delay in Q1 Filing Under COVID-19 Duress
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2020) - Axmin Inc. (TSXV: AXM) ("AXM" or the "Company") announces that, further to its news release dated April 27, 2020, the Company is expecting to file its audited financial statements and management discussion and analysis for the year ended December 31, 2019 (the "Annual Filings") by the extension date of June 15, 2020 pursuant to Canadian Securities Administrators and BC Instrument 51-515: Temporary Exemption from Certain Corporate...
2020-05-28 10:17 PM EDT
AXMIN Inc. Announces an Update to Its Annual Filings
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2020) - Axmin Inc. (TSXV: AXM) ("AXM" or the "Company") announces that it will not be in a position to file its audited annual financial statements for the fiscal year ended December 31, 2019 and the related management's discussion and analysis, as required by Part 4 and Part 5 of National Instrument 51-102: Continuous Disclosure Obligations (collectively, the "Annual Filings") by the filing deadline of April 29, 2020.This news release...
2020-04-27 6:52 PM EDT
AXMIN Announces Changes in Board of Directors and Management
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2020) - AXMIN Inc. (TSXV: AXM) (the "Company" or "AXM") announces the resignation of its Chief Financial Officer and member of the Board of Directors, Mr. David de Jongh Weill, effective February 28, 2020."It has been very satisfying to see how this Company has evolved over the past year. I'm excited to pass on the baton to my successor and will be actively following the progress of the company," says Mr. Weill. CEO and...
2020-03-02 8:00 AM EST
AXMIN Announces Letter of Intent with First Strategic Partner
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN signs Letter of Intent.AXMIN is pleased to announce that it has signed a Letter of Intent for the development of its Passendro Gold Asset in the Central African Republic (CAR) with AU Metals Limited (AU Metals) a subsidiary of the AU Group Limited. AU Metals is a gold and copper mineral focused venture capital firm established in 2015 in Hong Kong,...
2020-01-20 8:00 AM EST
AXMIN Announces Financial Results for the Nine Months Ending September 30, 2019 and Operations Update
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN releases highlights from its un-audited interim Financial Report for the nine months ended September 30, 2019. All amounts included in this news release are in United States dollars.Financial Results:During the three months ended September 30, 2019, the Company did not receive royalty income as the Gora Project is now complete. For the nine-month period, AXMIN received...
2019-11-29 8:00 AM EST
AXMIN Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN announces the granting of stock options to directors, officers and advisors of the Company for an aggregate of 3,750,000 stock options of the Company exercisable at C$0.60, effective July 2, 2019. The Options shall expire and terminate on July 2, 2024.These stock options have been granted in accordance with the Company's Stock Option Plan 2005. Immediately following this...
2019-07-04 7:30 AM EDT
AXMIN Announces Financial Results for the Three Months Ending March 31, 2019 and Recent Operational Highlights
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN releases highlights from its un-audited interim Financial Report for the quarter ended March 31, 2019. All amounts included in this news release are in United States dollars.Financial Results:During the three months ended March 31, 2019, the Company realized royalty income of $494,411 from the Gora Project, compared with $490,551 for the same time period of 2018.The net...
2019-05-30 10:02 AM EDT
AXMIN Announces Commencement of a Process to Select a Strategic Partner
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") notes the following news release.AXMIN is pleased to announce that it is commencing a formal process for the selection of a Strategic Partner (or Partners).With the improving security and stability in the Central African Republic (CAR), AXMIN is now moving forward into a selection process for the development of the Passendro asset. Potential Strategic Partners should:Be large...
2019-05-06 7:30 AM EDT
Chairman Lucy Yan Provides AXMIN's Year End 2018 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN releases highlights from its Annual Report for the year ended December 31, 2018, which has been filed on SEDAR (amounts are in U.S. dollars).2018 highlightsFinancial:Revenue of $1.5 million (2017: $1.6 million);Net Income of $1.5 million (2017: $1.2 million);Shareholder Equity $0.9 million (2017: deficit $1.2 million)Cash balance of $1.0 million (2017: $1.1...
2019-04-29 9:00 AM EDT
AXMIN Inc Announces New Senior Management Appointments
Vancouver, British Columbia--(Newsfile Corp. - April 10, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") notes the following news release.AXMIN is pleased to announce the appointment of Mr. Lifei Jiang as CEO of Somio Toungou S.A and CEO of Aurafrique SARL in Central African Republic and Mr. Jean Qian as Board Secretary and CEO Assistant of Axmin Inc. Mr. Lifei Jiang benefits form over fifteen years of senior operational experience in Africa in the investment, construction and...
2019-04-10 7:00 AM EDT