LAS VEGAS, April 11, 2013 /PRNewswire/ -- Foy-Johnston
(OTC Pink: FOYJ), the board of directors of Foy-Johnston have
significantly reduced the issued and outstanding shares by getting
the two majority shareholders to donate back to treasury
100,000,000,000 shares of stock, reducing the outstanding share
amount to 28,127,145,000, an over 78% reduction in the outstanding
share amount.
The reduction will result in an increase in the value of the
remaining shares held by our existing shareholders. The Company's
properties in Cameroon present
very good opportunities for creating enhanced shareholder wealth.
On a per share basis the potential value in the Cameroon holdings alone represents over
$0.25 in shareholder value,
significantly undervaluing the Company's stock at today's
prices.
Alexander D. Powers, President of
Foy-Johnston Inc. said, "We are pleased to have negotiated the
reduction in the issued and outstanding shares of the company,
giving much more value to all the existing shareholders."
About Foy-Johnston Inc.
Foy-Johnston through its wholly owned subsidiary Cameroon Mines
is involved in enhancing exploration and mining assets through
diligent application of technical and commercial expertise for the
benefit of all stakeholders of Foy-Johnston in an efficient and
environmentally responsible manner. Cameroon Mines is a mining
explorer and producer committed to developing strategic mining
exploration and project opportunities in Gold, Precious gems, Rare
Earth Metals and Platinum Group Metals. The Company has assembled
an experienced group of individuals with broad local and
international industry knowledge. Where it will assist to build
shareholder value and help fast-track the development of its
accumulated assets Cameroon Mines will also secure the
participation and support of key strategic partners globally, who
can provide tangible benefits towards achieving the Company's
goals. The company has already acquired a portfolio of Gold and
Diamond exploration tenements in key mineral regions of
Cameroon and Central African Republic. Our website is
www.cammines.com
Forward-Looking Statements
Please be advised that statements made herein, other than
historical data, constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among
others, potential volatility in the company's stock price,
increased competition, customer acceptance of new products and
services offered by the company, and uncertainty of future revenue
and profitability and fluctuations in its quarterly operating
results. Please also be advised that the company's stock is not
currently registered with the Securities and Exchange
Commission.
Contact:
Investor Relations
E-mail: info@cammines.com
Website: www.cammines.com
SOURCE Foy-Johnston