Punchline Resources Ltd
Authorized Shares 75,000,000
Outstanding Shares 50,000,000
market value: $48,000,000
Ramzan Savji - CEO, President, Director Mr. Savji has more than 30 years of experience in the banking and business sector. Mr. Savji studied Banking and Business Administration in Germany and was previously employed with Deutsche Bank A.G. in their letters of credit department. He subsequently became an Area Representative for European bank and financial services company, Societe Generale S.A. of France. While with Societe Generale, he was responsible for building and enhancing correspondent banking relationships between Societe Generale and banks in Kenya, Uganda, Tanzania, Rwanda, Burundi, and Malawi. He was also responsible for lobbying and promoting business for French companies and arranging short, medium, and long term lines of credit for project financing in both the public and private sectors.
In August 2000, Mr. Savji founded Telecommunications Supply Line Ltd., a leading telecom installation and networking material supplier in Kenya, wherein he managed operations on a day-to-day basis for over ten years. Since October 2011, Mr. Savji has been the vice president, secretary and a member to the board of directors of Toron, Inc., a mineral exploration company. Mr. Savji was previously a Member of the Board of Governors of the Aga Khan Hospital in Nairobi.
Punchline Entertainment Initiates Discussions to Acquire Interests in Gold Exploration Projects
Toronto, Canada, August 24, 2012 - Punchline Entertainment Inc. (OTCQB: PUNL) (OTCBB: PUNL) ("Punchline" or the "Company") is pleased to announce that the Company has initiated discussions to potentially acquire interests in one or more gold exploration and development projects. The projects currently being considered are located in both North America and internationally.
"The status of gold as the ultimate from of currency and a valuable tool in the fight against inflation has never been stronger. Our mission is to leverage this strength as we execute a strategy to grow through the acquisition, exploration, and development of high caliber gold projects," said Ramzan Savji, CEO and President of Punchline. "The projects that we are currently in discussions to acquire could provide the Company with a strong foundation for growth and deliver our stakeholders important exposure to the gold market."
The currently discussed projects and any potentially resulting transactions remain subject to, among other things, Punchline and the current project owners entering into formal agreements and completion of satisfactory due diligence by all parties. There can be no assurance that any transactions will be completed as proposed or at all. If and when a formal agreement is memorialized, additional details will be forthcoming.
Punchline Entertainment Inc. (soon to be Punchline Resources Ltd.) is an emerging mineral resources company focused on both domestic and international exploration and development projects. The Company is currently evaluating several projects for potential acquisition and/or participation.