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To: JRod77 who wrote (48646)8/29/2018 10:07:07 PM
From: JRod77  Read Replies (1) | Respond to of 49402
 
2018-08-29 14:28 MT - News Release

Ms. Lucy Yan reports

AXMIN ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDING JUNE 30, 2018

Axmin Inc. has released its financial and operating results for the three months ended June 30, 2018. All amounts included in this news release are in U.S. dollars

Highlights:

  • During the three months ended June 30, 2018, the Company reported royalty income of $576,643 from Gora Projects, compared with $386,655 for the same time period of 2017.
  • The net income for the three months ended June 30, 2018 was $437,586 compared to $359,338 in the same period of 2017.


  • LIQUIDITY AND CAPITAL RESOURCES

    At June 30, 2018 the Company had cash on deposit in the amount of $1,944,449, accounts and other receivables of $577,237, and prepaid expenses of $5,487. Royalty income receivable of $573,643 has been received subsequent to the period ended June 30, 2018.

    Net assets inclined to negative $362,169 at June 30, 2018 compared to negative $1,215,536 at December 31, 2017.

    OUTLOOK

    We continue our efforts and commitment with our developments in the CAR. We look forward to the time when we can reclaim our operations in CAR again.

    About Axmin

    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 Feasibility Stage Passendro Gold Project in the Central African Republic. For more information regarding Axmin visit our website at www.axmininc.com.

    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 Feasibility Stage Passendro Gold Project in the Central African Republic. For more information regarding Axmin visit our website at www.axmininc.com.

    We seek Safe Harbor.

    © 2018 Canjex Publishing Ltd. All rights reserved.

    NOTE:

    The results above are from Q2 2018 which was April to June 2018. Below is a recap of the last six quarters and all news/financials can be found at www.sedar.com to verify these numbers:

    January to December 2017 - Axmin Inc. Earns $1.2 million USD

    January To March 2018 - Axmin Inc. Earns $386,115 In Q1 2018

    April To June 2018 - Axmin Inc. Earns $415,900 In Q2 2018



    To: JRod77 who wrote (48646)8/31/2018 1:42:56 PM
    From: JRod77  Respond to of 49402
     
    New company presentation: axmininc.com



    To: JRod77 who wrote (48646)11/28/2018 5:59:45 PM
    From: JRod77  Read Replies (1) | Respond to of 49402
     
    Axmin earns $310,826 (U.S.) in Q3 2018

    2018-11-28 09:08 MT - News Release

    Ms. Lucy Yan reports

    AXMIN ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDING SEPTEMBER 30, 2018

    Axmin Inc. has released its financial and operating results for the three months ended Sept. 30, 2018. All amounts included in this news release are in United States dollars

    Highlights:

  • During the three months ended Sept. 30, 2018, the company reported royalty income of $147,488 from Gora projects, compared with $273,516 for the same time period of 2017.
  • The net income for the three months ended Sept. 30, 2018, was $310,826 compared with $206,789 in the same period of 2017.


  • Liquidity and capital resources

    At Sept. 30, 2018, the company had cash on deposit in the amount of $2,250,907, accounts and other receivables of $153,047, and prepaid expenses of $2,105. Royalty income receivable of $147,487 has been received subsequent to the period ended Sept. 30, 2018.

    Net assets increased to $777,226 at Sept. 30, 2018, compared with negative $1,215,536 at Dec. 31, 2017.

    Outlook

    The company is very pleased with the progress made to strengthen the balance sheet by settling the long-standing accounts payable. Axmin is looking forward to becoming operational again in the Central African Republic (CAR) as soon as conditions allow.

    Resignation of chief financial officer

    Jin Kuang has tendered her resignation and David de Jongh Weill has been appointed as the chief financial officer, effective from Nov. 15, 2018. In addition to having already served as chief financial officer of a listed public company, Mr. Weill has served as chairman of four companies listed in Toronto, London and Sydney.

    Mr. Weill commented: "It is a privilege to serve Axmin as chief financial officer at this exciting time as we are making the requisite preparations to become operational again in the CAR. I believe that the duly elected government has laid a strong foundation for peace and stability in the country, and that it is now only a question of time for our company to be back on site and operational once more at the Passendro asset."

    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 feasibility-stage Passendro gold project in the Central African Republic.

    We seek Safe Harbor.

    © 2018 Canjex Publishing Ltd. All rights reserved.