LAS VEGAS, Jan. 30, 2013 /PRNewswire/ -- Foy-Johnston (OTCPINK: FOYJ) wishes to announce that it has issued a letter to shareholders from President, Alexander D. Powers. The text of the letter appears below.
It has been just under a year since I assumed control over the operations of the Company and I would like to take the opportunity to address the continued direction of the Company and its future prospects.
I am pleased to report that the Company secured its initial exploration project in the country of Cameroon which is located in West Africa, in an area long known for its prolific mineralization. This part of Africa includes nations of Sierra Leone, Liberia, Nigeria, Ghana, Central African Republic, Chad and Mali, which have been extracting gold and other precious minerals for centuries. The Company is currently in the process of acquiring several significant mining concessions in Cameroon as a result of initial exploratory work programs that were conducted over the past several months. Our team has spent the past year searching for, and analyzing, potential targets that align with the Company's strategic vision and support a best possible mining operation scenario. Management is confident that the targeted concessions have the potential to produce significant amounts of gold and other associated minerals along with various precious, and semi-precious, gemstones once mining operations are initiated. The region is extremely rich in natural resources and the Company believes that further exploration work will quickly lead to on-going mining operations and the delineation of a major mineral resource or potential mine.
Additionally, management has also been evaluating other areas of interest in the region that include agriculture and technology. A developing country such as Cameroon represents virtually unlimited opportunities for a progressive and responsible Company such as Foy-Johnston.
The future of the Company is quite promising and our dedicated team of management professionals is working diligently to enhance our exploration initiatives and increase shareholder value dramatically.
Management anticipates releasing additional news and corporate updates on an ongoing basis as developments occur.
Alexander D. Powers
President - Foy-Johnston Inc.
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
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.
SOURCE Foy-Johnston Inc.