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MARKET INFO
Pink Sheets: FIMA
Get a detailed quote for
FIMA
Shares Outstanding:
241,942,000 as of May 17, 2012
Float:
36,450,000 as of May 17, 2012
Authorized Shares:
300,000,000 as of Jun 30, 2011
Shareholders of Record:
23 as of May 17, 2012
Transfer Agent:
Nevada Agency and Transfer Company
LATEST HEADLINES
Fima Inc. Announces Participation in Ghana Gold Project
Fima Inc. Provides Shareholders With a Corporate Update
KEY EXECUTIVES
Marco Garduno Chavez
President
Director
Antony Hawkins
Acting CFO
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PROFILE
Fima, Inc. intends to focus on the resource sector and is currently reviewing merger candidates and business opportunities in the mining sector that are gold focused. The company will provide shareholders an update with respect to any further developments. The company posted all its current information with OTC Markets Group on May 17th, 2012 along with the posting on May 22nd, 2012 of the company's Attorney's Opinion Letter with respect to its filings and that the company is now considered current with OTC Markets Group. The company intends to maintain its current status by providing all information required to OTC Markets Group in a timely manner.
Fima has entered into an agreement to fund Warwick Mineral Resources Ltd. ("Warwick"), a Ghanaian company to expand and develop the company's operations in Ghana, West Africa. Warwick is a Canadian/Ghanaian owned mining company, licensed by the Government of Ghana as a Mineral Services Provider.
Fima will initially invest $ 400,000 USD by way of secured loans to Warwick in exchange for a 10% royalty interest on the company's gold production. The funds will be used for equipment purchase (to increase production) for the company's Vincent Property and for working capital. The loan shall be repaid based on 20% of the net gold sales per week and is expected to be fully repaid by February 2013. In addition, Fima has been granted an option to acquire 10% of Warwick. The company estimates that the project will produce $15,000,000 in gross revenue during the next 3 years.
Although slightly smaller than the US State of Oregon, Ghana is the second biggest producer of gold in Africa. The country is stable, has a multi-party democracy and very liberal mining laws. It is rated as one of the most business friendly jurisdictions in Africa. Its population is relatively well educated and has a strong work ethic. The country is a major exporter of gold, diamonds, manganese, and bauxite. English is the major language and the British "rule of law" prevails.
Fima and Warwick have agreed to use their joint expertise and contacts to develop other mining opportunities of merit in Ghana. The focus will be on mature properties with the potential for early production and cash flow. Deposits of base metals, strategic minerals, and rare earths will be part of an ongoing exploration program conducted by the Fima/Warwick team. Exploration programs will be funded by cash flow from operations.
Fima is in negotiations to acquire a further resource project, and will advise shareholders when such negotiations conclude.
Value Proposition
Strong Management: Mr. Marco Garduno Chavez has been appointed a Director of the Corporation effective May 29th, 2012. Mr. Chavez holds a Bachelors of Administration degree from Anahuac University, Mexico City. Mr. Garduno worked as an Analyst for Ford Credit in Mexico City before relocating to Calgary, Alberta, Canada where he is the credit and financial manager for a privately held Sports Apparel and Promotional Products Manufacturer.
Stellar Advisory Board: Bruce Luckman and Dr. Johnson Manu B.sc Geology, M.sc Mineralogy, Ph.D Mineralogy/Economic Geology, and an MBA-Finance of Warwick Mineral Resources Ltd. have agreed to join the Fima Inc. Advisory Board. Bruce Luckman is the Executive Director of Warwick and manages day to day operations in Ghana. He has had 35 years experience within the resource industry. He has served as an officer and director of public companies trading on the Toronto Venture Exchange as well as the US OTC Marketplace. He has been directly responsible for the start-up of several producing gold mines in British Columbia, Canada, Nevada, USA, and Ghana (Ampenko and Apunyase). Mr. Luckman was born in the United Kingdom and educated at Warwick School. He is based in Accra, Ghana, and Vancouver, Canada. Dr. Manu is an accomplished writer, and is the author of numerous publications relating to African gold deposits and their geology. He is a senior lecturer in geology at the University of Ghana. Educated in Germany, Dr. Manu speaks fluent German as well as English and many local dialects. He has served on the board of several expatriate companies as a director and technical advisor. Dr. Manu has a wide range of contacts both political and within the mining industry, in Ghana and throughout Africa.
Participation in Major Gold Producing Project: Warwick has invested a total of $1,600,000 in its current project. Management of Warwick are seasoned professionals with considerable local knowledge and many years of hands-on experience within the mining industry in Africa, Canada, and the USA. Warwick has been exploring/developing and mining in Ghana since 2005. Fima will initially invest $ 400,000 USD by way of secured loans to Warwick in exchange for a 10% royalty interest on the company's gold production. Ghana is the second biggest producer of gold in Africa.
Diversified Business Model: FIMA has expanded its operations to include three major categories of development: Resources, Mining, and Real Estate. Each of these sectors presents unique features and opportunities in Latin America, and FIMA has created a vertically integrated business structure that allows the Company and its subsidiaries to take full advantage of the favorable circumstances as they present themselves.
Established History: FIMA Development, Inc. began in 2007 as a real estate acquisition, development and consulting firm, specializing in planning, development, managing and marketing of luxury real estate in the rapidly expanding resort areas of Latin America, including the famous Caribbean island of Cozumel and the prestigious locales along the Mexican Riviera. The Company has been involved in several projects, and has developed a network of relationships and contacts throughout the region.
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