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.