Subject: FIMA Inc. Hires New President
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FIMA INC. Pink Sheets: FIMA |
| Fima Inc. Announces Appointment of New President and Director and Cancellation of All Preferred Shares CALGARY, AB -- (Marketwire) -- 07/05/12 -- FIMA INC. (PINKSHEETS: FIMA) ("Fima" or the "Company") is pleased to announce that it has appointed Mr. Manjit Singh Sahota as a Director and President of Fima Inc. Manjit has been involved in the oil industry for the last 15 years. He built his first oil company to a production level of 1200 barrels per day from scratch and then sold it for $28 mm. Manjit possesses extensive experience in under-valued asset evaluations on a global scale and assisted in the growth of multiple oil companies such as Kuwait Oil Company, Subsurface Consultants Associates and Zoom Energy International. Manjit is an expert in 3D Reservoir Optimization Modeling and Development Plan Implementation. Manjit has also participated in multi-million dollar joint venture negotiations and investor energy deals. In connection with the appointment of Mr. Sahota as President and Director of Fima, the Corporation is actively engaged in discussions with Mr. Sahota and his business entities regarding the acquisition of significant oil and gas properties, and expects to be in a position shortly to provide further information. Continue Reading |
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