Femin Inc.
Femin Inc.: NEGOTIATIONS WITH STRATEGIC MULTINATIONAL PARTNERS MOVE AHEAD
Femin Inc. / Key word(s): Miscellaneous 07.10.2011 / 14:00 --------------------------------------------------------------------- Toronto - Femin Inc. (FRA-FJM) ('Femin') is pleased to announce that it is progressing towards establishing joint venture partnerships with major international mining companies. Ongoing discussions with three strategic multinational mining companies and a sovereign wealth fund have continued with two of the strategics having completed site visits. The goal is to form a joint venture relationship going forward that would develop the Febra project through to the feasibility stage. Each of the potential strategic partners has the capability of funding Febra's capital expenditures to put the project into production. 'Securing a joint venture with a strategic partner is an important step in the ongoing development of Febra. Each of the potential strategic partners have multi-billion dollar market caps and can provide the mining expertise and capital to move the project towards production. Discussions are in various stages of advancement and we are looking forward to concluding such an arrangement in near term.' says Femin's CEO Alexander Stewart. ** END OF PRESS RELEASE ** About Femin Inc. Femin Inc. is a mineral exploration and development company located in Toronto, Canada. The Company was established in 2010 and its primary focus is the Febra Iron Project, which is a substantial iron deposit located in the State of Bahia, Brazil. Femin's management team has extensive experience in the exploration and development of mineral deposits all over the world. Femin Inc.'s shares (Wkn: A1H50Q / ISIN: CA31502Y1034) are listed for trading on the Frankfurt Stock Exchange, Open Market. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Femin Inc. as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Femin Inc. 2500 - 120 Adelaide Street West, Toronto/Canada, M5H 1T1 For further information, please contact: Alexander Stewart, CEO Phone: (416) 644-1179 E-mail:astewart@femin.ca Stephen Stewart, VP Phone : (416) 644-1179 Email : sstewart@femin.ca Homepage: www.femin.ca End of Corporate News --------------------------------------------------------------------- 07.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 141637 07.10.2011
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