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.
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.