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 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, 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 chief financial officer, David Weill, at david@axmininc.com to progress the requisite documentation for access to the company's on-line dataroom and be included in the process.

About Axmin Inc.

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 toward development and builds on its project pipeline focusing on transitioning from an explorer to a producer.

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