McDuffie County Board of Commissioners Deny Conditional Use Permit Request
2011年10月21日 - 10:12PM
Marketwired
Advanced Primary Minerals Corporation (the "Corporation" or "APM")
(TSX VENTURE: APD) announced today that its application for a
Conditional Use Permit to mine kaolin from its Cofer and
surrounding properties in the Margarets Road area of McDuffie
County, Georgia was denied by the McDuffie County Board of
Commissioners at a meeting held the evening of October 18,
2011.
This decision does not affect the ability of the Corporation to
supply products to its existing customers where it will continue to
source the kaolin for these products from the Corporation's Tudor
Mine. The permit was being sought to add to the Corporation's
permitted resource base for strategic purposes. The Corporation's
Board of Directors is in the process of evaluating its options in
light of this decision, which includes filing an appeal of the
decision with the McDuffie County Superior Court or selling some or
all of the 328 acre property. Alternatively, the Corporation could
choose to retain this land for re-application at a later date.
The Corporation also announced today that it has entered into an
Agreement of Purchase and Sale to sell land and building
representing its laboratory and pilot plant in Eatonton, Georgia
for US$350,000, which was a non-core asset. This Agreement is not
conditional on financing and is subject to the usual conditions
associated with real estate transactions in the State of Georgia.
The transaction is expected to close on or before November 8,
2011.
About APM
APM, through its wholly owned subsidiary, Advanced Primary
Minerals USA Corp. (formerly Erdene Materials Corp.), operates a
newly constructed kaolin processing plant in Dearing, Georgia and
has been active in Georgia and South Carolina for over 10 years
exploring for, evaluating, extensively testing and securing high
quality primary kaolin resources. Target markets include ceramics,
paper, paint and coatings, catalysts and other specialty industrial
applications. APM has 17,009,626 shares issued and outstanding and
a fully diluted share position of 18,708,197.
For additional information visit APM's website at
www.advminerals.com or contact the company via email at
info@advminerals.com
Neither 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.
Contacts: Advanced Primary Minerals Corporation Ken W. MacDonald
President and CEO (902) 466-7255
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