Axmin Inc (AXMIF)

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5 Top Weekly TSXV Stocks: CAR Peace Deal Boosts AXMIN
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AXMIN
AXMIN made this list last week, when its shares rose to C$0.36 in the same week the government of the Central African Republic (CAR) announced peace deals with a medley of rebel groups.

AXMIN, a gold developer and explorer, is focused on its Pessendro project which is in the CAR.

The company was up again this week, though with no new news from the company (its last news was from January) — so stock markets seem to believe the peace deals will hold.

On the TSXV AXMIN was up to C$0.45 — a gain of another 55.17 percent.


Note: Not sure what the editor is saying about news. There was a release in January and in February as per newswire. From February:


Axmin pleased with CAR's peace agreement


2019-02-12 05:50 MT - News Release



Ms. Lucy Yan reports

THE GOVERNMENT OF THE CENTRAL AFRICAN REPUBLIC (CAR) ANNOUNCES A PEACE AGREEMENT WITH ARMED GROUPS

Axmin Inc. notes the following news release.

On Saturday, Feb. 2, 2019, the government of the CAR announced on social media that an agreement for peace had been made at the talks taking place in Khartoum. The government stated that the agreement would be initialled on Sunday, Feb. 3, 2019, and thereafter it was signed in Bangui on Feb. 6.

The agreement comes after discussions that were facilitated in Khartoum by the African Union and the United Nations with assistance from Russia. The key points of this agreement are:



An immediate cessation of violence by the armed groups against defence and security forces, UN personnel, humanitarian workers and the general population;
The armed groups will respect the legitimacy of the CAR's institutions and will disband;
The government will analyze the reintegration of the leaders of the armed groups who previously served as civil servants or in the military;
The government will set up a truth, justice, reparation and reconciliation commission within 90 days;
The parties to the agreement will undertake to set up mixed security units that will include both the defence and security forces as well as former members of the armed groups;
A Prime Minister will be appointed drawn from a representative of the former armed groups;
The former armed groups will have the right to start political parties without hindrance.


Ambassador Smail Chergui, the African Union Commissioner for Peace and Security, stated on social media:

"I am humbled to announce that with the exemplary co-operation I received from both the government of the CAR(@GouvCF) and the 14 armed groups, we have secured a #peace agreement today in the interest of the people of #CAR."

Separately on Thursday, Jan. 31, 2019, the United Nations Security Council voted unanimously on a resolution drafted by France that provides for a road map to lift the arms embargo on the CAR. This resolution states that the council will establish requisite benchmarks by April 30, ,2019 and will assess progress on these benchmarks by July 31, 2019. The council will then review the arms embargo measures by Sept. 30, 2019.

The resolution welcomes "the significant efforts made by the CAR authorities" to advance security sector reform, including by developing a national defence plan and national security policy. This resolution acknowledged "the urgent need for the CAR authorities to train and equip their defence and security forces to be able to respond proportionately to threats to the security of all citizens in the CAR." The council stated that it had granted several exemptions to allow shipments of weapons from France, Russia, China, the United States and Belgium for the CAR army.

Axmin's chairman and chief executive officer Lucy Yan stated:

"Axmin is delighted to hear that a peace agreement has been reached in Khartoum and hope that this agreement will be honoured and bring security and stability to the CAR. The company believes that the combination of the agreement together with the eventual lifting of the arms embargo should provide both the framework for stability and also the effective method of enforcement by equipping and deploying the military forces of the government of the CAR. We look forward to being back on site and working on developing the Passendro asset as soon as conditions allow in the near future."

A further press release regarding the security situation in Ndassima, the location of the company's Passendro asset, will be made when appropriate to do so.

About Axmin Inc.

Axmin is a Canadian exploration and development company with a strong focus on the African continent. Axmin continues to closely monitor the political situation at its Passendro gold project in the Central African Republic.

We seek Safe Harbor.

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