FIGO Ventures, Inc. (Formerly: AAA Energy Inc.) Announces Corporate Update
December 18 2013 - 4:50PM
FIGO Ventures, Inc. (formerly: AAA Energy, Inc.) (OTCBB:AAAED)
announces the results of certain corporate actions, recent
developments and the details of the Letter of Intent entered into
on November 30, 2013 with CGM Resources Ltd., A New Brunswick
Corporation.
Name Change and Reverse Split:
Via the consent of the majority shareholder of AAA Energy, Inc.
the following actions took place.
1) Name Change to "FIGO Ventures, Inc.";
2) Reverse Stock Split of 1:25 (Shares outstanding:
pre-split 84,272,000/ post-split 3,370,880).
The name change from AAA Energy, Inc. (AAAE) to "FIGO Ventures,
Inc." and the 1-25 Reverse Stock Split was announced on 12/16/2013
by FINRA in its Daily List. These corporate actions took effect at
the open of business on 12/17/2013. The new symbol will be AAAED.
The D will be removed in 20 business days from 12/17/2013 and the
new symbol will be FIGO.
Letter of Intent details:
On November 30, 2013, FIGO Ventures, Inc. entered into a Letter
of Intent with CGM Resources Ltd., a New Brunswick Corporation. The
LOI calls for FIGO to exchange 73,000,000 newly issued shares of
FIGO Ventures, Inc. in exchange for 100% of the ownership equity of
CGM Resources Ltd., This transaction is expected to close on or
about February 28, 2014. After the transaction closes FIGO plans on
becoming a current filer with the SEC.
About CGM Resources Ltd:
CGM Resources Limited is acquiring and exploring mineral
properties with development potential in Colombia. Colombia is
recognized as one of the most under-explored countries in the
world, yet it is rich with deposits of gold, copper and silver.
There is a high discovery potential within a pro-mining business
atmosphere.
The Company has a pipeline of quality projects and a management
team with in-country expertise. CGM's core purpose is to be a world
leader in generating value through responsible mining. With
experienced management and a sustainable growth profile.
Internationally, Colombia continues to gain favor among
entrepreneurs as "the place to do business" as we move into the
next decade. Due to recent history, there has long been a "Colombia
discount" applied to the stocks of companies doing business there;
however because of vastly improved and stabilized political and
business environment this discount is rapidly becoming a
premium.
The company feels that unlike other "flavor-of-the-day" plays,
there is good reason to expect the Colombia Gold Rush to last-- the
country is very rich in natural resources. Due to the stigma caused
by the previous period of civil unrest in the Colombian
countryside, Colombia has lacked exploration for decades, but now
provides a contrarian entry for strong modern exploration
companies.
Other details:
1) FIGO Ventures, Inc. |
3273 E Warm Springs Rd. |
Las Vegas, NV 89120 |
Email: info@figoventures.com |
|
2) Attorney: |
Cane Clark Agency, LLC |
3273 E. Warm Springs, Rd. |
Las Vegas, NV |
702-312-6255 |
|
3) Transfer agent: |
Empire Stock Transfer |
1859 Whitney Mesa Dr |
Henderson, NV 89014 |
Tel: 702-818-5898 |
FAX: 702-974-1444 |
info@empirestock.com |
|
4) New CUSIP # 31683X106 |
Safe Harbor Statement Except for the statements of historical
fact contained herein, the information presented in this news
release constitutes "forward-looking statements" made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. You are cautioned not to place undue reliance
on any forward-looking statements in this press release as they
reflect Shiner International, Inc.'s current expectations with
respect to future events and are subject to risks and uncertainties
that may cause actual results to differ materially from those
contemplated. Potential risks and uncertainties include, but are
not limited to, the risks described in Shiner's filings with the
Securities and Exchange Commission. Accordingly, readers should not
place undue reliance on forward-looking statements contained in
this news release or in any document referred to in this news
release.
CONTACT: info@figoventures.com
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