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AXMIN Inc V.AXM.H

Alternate Symbol(s):  AXMIF

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.


TSXV:AXM.H - Post by User

Bullboard Posts
Post by loubastoneon Sep 27, 2019 9:19am
133 Views
Post# 30170049

More funding from EU

More funding from EUIn the margins of the United Nations General Assembly, Neven Mimica, the Commissioner for International Cooperation and Development, met the President of the Central African Republic, Faustin-Archange Touadra. Speaking on that occasion, the Commissioner announced that an additional 60 million euros would be made available to support the implementation of the peace agreement signed in February. This brings the EU's total financial support for the Central African Republic (CAR) to 442 million euros for 2014-2020. Commissioner Mimica stated: The EU has decided to grant an additional 60 million euros to the Central African Republic to support the implementation of the peace agreement signed last February. Actions will focus on redeploying the State throughout the territory, improving the population's access to basic services and preparing the 2020 elections. The momentum created by the signing of the Peace Agreement in February must be maintained, and the people must soon feel the benefits of peace in order to prevent any backsliding.' The EU is the Central African Republic's leading partner in terms of development cooperation and humanitarian aid. EU support for CAR under the 11th European Development Fund stands at 442 million euros. Since 2014, the EU has provided a total of 850 million euros in support for CAR, all instruments combined, of which 140 million is humanitarian aid.
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