AXMIN Inc V.AXM

Alternate Symbol(s): AXMIF

Metals & Mining Gold

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others.

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AXMIN Inc

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Comment by baystock1on Mar 11, 2012 2:42pm

251 Views

Post# 19655327

RE: RE: RE: IFC participation could be the trigger

25 million of the 50 million from the IFC is actually part of the equity financing component IMO, and has thus reduced the amount of equity that will need to be issued at these low prices. It seems Axmin is now short only $50 million or possibly less from the total financing requirements. Besides I wouldn't sell this management team short and presume that they will be forced to raise this equity at distressed share prices.

Some background on IFC:

https://www.slideshare.net/Kfuelster/international-finance-corporation-ifc-investing-in-the-mining-sector-in-emerging-markets

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