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Axmin begins formal process to choose Passendro partner

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JonnyRBuck12   Monday, 05/06/19 09:06:23 AM
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Axmin begins formal process to choose Passendro partner

2019-05-06 05:50 MT - News Release


Ms. Lucy Yan reports

AXMIN ANNOUNCES COMMENCEMENT OF A PROCESS TO SELECT A STRATEGIC PARTNER

Axmin Inc. 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 multinational corporations that have experience with large scale construction, mining and infrastructure development in Africa.Be capable of dealing with in country logistics and liaising with various security services.Have an established track record of delivering projects on time and on budget.Enjoy an impeccable record for health, safety and environmental protection. Be sensitive to AXMIN's strict focus and adherence to Corporate Social Responsibility.

Commenting on the commencement of the formal process, Ms. Lucy Yan AXMIN's chairman, said:

'We are delighted to now commence the formal selection process for a Strategic Partner or more broadly a team of Strategic Partners. As we have communicated before, AXMIN is already in discussions with several potential candidates; but as we now have clarity on returning to work on our asset in the CAR, it is appropriate to broaden this process and facilitate an open playing field for this development opportunity.'

Interested parties should contact AXMIN's CFO, Mr. David Weill at david@axmininc.com to progress the requisite documentation for access to the Company's online dataroom and be included in the process.

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 a producer. For more information regarding AXMIN visit our website at www.axmininc.com. Please follow us on Facebook https://www.facebook.com/axmininc.

We seek Safe Harbor.

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