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APD Advanced Primary Minerals Corporation

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Share Name Share Symbol Market Type
Advanced Primary Minerals Corporation TSXV:APD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

McDuffie County Board of Commissioners Deny Conditional Use Permit Request

21/10/2011 2:12pm

Marketwired Canada


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


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1 Year Advanced Primary Minerals Corporation Chart

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