Amerix Provides Corporate Update and Announces Director Resignation
May 12 2014 - 9:00AM
Marketwired
Amerix Provides Corporate Update and Announces Director Resignation
TORONTO, ONTARIO--(Marketwired - May 12, 2014) - Amerix Precious
Metals Corporation (TSX-VENTURE:APM)(FRANKFURT:NJGN) ('Amerix' or
'the Company') provides the following corporate update.
The Company reports that it continues to seek a strategic
partner for its Limao Gold Property located in the Tapajos region
of Brazil. Difficult financial markets for junior resource
exploration companies have made continuation of the Company's
exploration efforts at Limao challenging.
Amerix has contacted many companies that have expressed interest
in the Limao project, however many of these parties are
experiencing the same financial constraints as is Amerix.
Amerix has reduced its ongoing costs to persevere through these
difficult circumstances and will continue to seek a viable strategy
to create value at its Brazilian assets. At the last shareholders'
meeting, shareholders voted to allow the Company to consolidate
its' share capital for the purpose of facilitating a future
financing at a time when the market will support such an event.
The Company also announces that Mr. William Whitehead has
tendered his resignation as Director of the Company. We thank him
for his years of valuable service to the Company and its
shareholders.
About Amerix Precious Metals Corporation
Amerix Precious Metals Corporation is an Ontario company,
managed by an experienced team, exploring for precious metals in
Brazil. Amerix continues to seek exploration properties of merit
via staking, acquisition or merger. The Company's shares trade on
the TSX Venture Exchange under the symbol "APM" and at the
Frankfurt Stock Exchange under the symbol "NJGN".
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Disclosure Regarding Forward-Looking Statements: This press
release contains certain "Forward-Looking Statements" within the
meaning of applicable securities legislation. All statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the TSX Venture
Exchange and, among others, the Ontario Securities Commission as
well as under the heading "Risk Factors" in the Management
Discussion and Analysis.
Amerix Precious Metals CorporationSteve BrunellePresident and
Chief Executive
Officer647-260-0470steve.brunelle@amerixcorp.comAmerix Precious
Metals CorporationDan HamiltonChief Financial
Officer647-260-0470dan.hamilton@amerixcorp.comwww.amerixcorp.com
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