BEVERLY HILLS, Calif.,
Nov. 19, 2014 /PRNewswire/
-- AIM Exploration Inc. (OTC: AEXE), operates as a junior
mining company focused on global mining, exploration and
production. Further Information on our projects can be found at
www.aimexploration.com. AEXE is pleased to announce Lajon Village's
unanimous acceptance of AEXE's plan to start Anthracite coal
production.
A requirement of the Peruvian Government is for the local
community to accept any mining project that is being developed in
its area. The council for Lajon Village has accepted the
development of the Mine. To prevent any future disruption of mining
activities should a new council be elected, AEXE has taken
preventative action by explaining the project to all residents.
More than 80% of the area residents have signed off on the
project.
In addition, majority of the local Artisan Miners who are
currently mining on the properties signed Independent Contractor
agreements with AEXE to mine the existing 20 tunnels on AEXE's
property. AEXE will be able to go into production as soon as all
government approvals are obtained. AEXE expects the Government
approvals by first quarter 2015.
"Aim Exploration is very pleased with these two developments.
Not only is this good for the local community but it is great news
for the shareholders of AEXE. The local community will benefit from
increased employment, better infrastructure and a better local
economy. The Shareholders of AEXE should see a benefit to the share
value and the development of a solid mining company. This is a win
for all involved," stated J.R. (Bob)
Todhunter, President.
About AIM Exploration, Inc.
AIM Exploration
Inc. (OTC: AEXE) is a Beverly Hills,
California headquartered company with an operational office
in Manila City, Philippines. AIM operates as a junior mining
company focusing on global mining, exploration and production. The
company currently has two existing projects, a 40% interest in a
Feldspar mine and production plant located in the Philippines and an Anthracite coal project
located in Peru. The Feldspar mine
is currently producing and will be undergoing upgrades for expanded
production. The operation is controlled by Paladino Mining and
Development Corp. The Anthracite Coal project, AIM owns and
controls through its wholly owned subsidiary Aim Exploration SA. It
is considered to be high grade Anthracite Coal mining properties in
the Alto Chicama basin, in the province of Otuzco in Peru.
Forward-Looking Statements
Certain
information set forth in this press release contains
"forward-looking statements" and "forward-looking information"
under applicable securities laws. Except for statements of
historical fact, certain information contained herein constitutes
forward-looking statements, which include management's assessment
of future plans and operations and are based on current internal
expectations, estimates, projections, assumptions and beliefs,
which may prove to be incorrect. Some of the forward-looking
statements may be identified by words such as "estimates",
"expects" "anticipates", "believes", "projects", "plans", "targets"
and similar expressions. These statements are not guarantees of
future performance and undue reliance should not be placed on them.
Such forward-looking statements necessarily involve known and
unknown risks and uncertainties, which may cause AIM's actual
performance and financial results in future periods to differ
materially from any projections of future performance or results
expressed or implied by such forward-looking statements.
SOURCE AIM Exploration Inc.