Ecuador has tremendous potential for discovery of new economic ore deposits. Other
mining companies operating in Ecuador include Kinross Gold (Aurelian), IAmGold,
Dynasty Metals and Mining, Bear Creek, International Minerals and Ascendant Copper,
to name a few.
The Company's main geographic focus is on two defined Mining Districts in Ecuador's
El Oro Province, ZarumaPortovelo and San Gerardo. The ZarumaPortovelo Mining
District is a historic Ecuadorian gold producing region. The Incas were extracting gold
in the area when the Spanish founded the town of Zaruma in 1549. To date, some 90%
of the gold mined in Ecuador has been found in either ZarumaPortovelo or San
Gerardo.
Maria Olivia Gold ConcessionThe Company is currently reregistering its Maria Olivia concession, located in
ZarumaPortovelo, under Ecuador's new mining regulations.
Multiple Definitive Agreements and Letters of Intent
Additionally, the Company has multiple Definitive Agreements and Letters of Intent in
place to acquire existing producing mines in the ZarumaPortovelo and San Gerardo
Mining Districts. These prospective acquisitions are currently under due diligence and
expected to close within 60 to 120 days, provided financing is secured. Their combined
gold resources would add significant value to our company for the benefit of our
shareholders.
The Company is actively seeking total project financing in the amount of $12.5
million. The funds will be used to complete the company's acquisition agreements and
increase production capacity thereafter.
New Ownership StructureThe Company is in the process of completing its previously announced business
combination of Innocent Inc. with Global Finishing Inc. and Global Finishing Ecuador
S.A. This new ownership structure will give the Company the required legal status to
operate in Ecuador under the country's new mining regulations. As well, it will
provide the Company with the local expertise to implement its strategy of acquiring
additional mines in the ZarumaPortovelo and San Gerardo mining camps and
aggressively increase production. The Company's highly experienced team on the
ground in Ecuador is continuously searching for new acquisition opportunities that fit
its business model and have the potential to add further value for shareholders.
Corporate Mission and Objectives• Become a midtier gold producer in Ecuador
• Increase production through acquisitions, enhancement of milling operations and
the hiring of additional skilled workers.
• Achieve 50,000 oz. of gold production within first 12 months
• Achieve 100,000 oz. of gold production per year (within 24 months)
• Achieve 200,000 oz. of gold production per year (within 36 months)
• Obtain project financing in the amount of $ 12.5 million
Zaruma-Portovelo Mining DistrictThe Company is focused on assembling a cluster of producing gold properties in the
ZarumaPortovelo Mining District. The Company is currently reregistering its Maria
Olivia concession under Ecuador's new mining regulations. Maria Olivia, which
spreads across 1,067.2 hectares, contains 612,000 ounces of inferred gold at an
average grade of 10 grams per ton (g/t). Furthermore, the Company has Definitive
Agreements in place to acquire four additional producing properties in the near
vicinity. These prospective acquisitions have a combined gold resource potential of
1.5 million ounces, with production capacity of up to 1,000 tons per day (t/d). All four
new projects are expected to close in the next 60 days and move towards commercial
production shortly thereafter.
San Gerardo Mining District The Company is also focused on assembling a cluster of producing gold properties in
the San Gerardo Mining District, which is located within one hour of Zaruma. The
Company currently has Definitive Agreements or Letters of Agreement in place to
acquire four mines in this recognized goldproducing region. The combined
production potential of the four properties is estimated to be 1,000,000 ounces of
gold at an average of 7 g/t . The Company will make further announcements
regarding acquisition of these properties upon completion of its due diligence.
***The production cash cost for all projects combined is projected at $400 per ounce.
Management and Directors
Wayne Doss, President, DirectorWayne Doss, 56, is the President and Director of The Company. Mr. Doss has
worked as a CFO and CEO in public and private companies for more than 25 years.
For nine years, Mr. Doss served as CEO of Keller Industries, a $250,000,000
building products company with 4,000 employees. Over the past five years, Mr. Doss
has consulted and served in various capacities assisting small public companies with
startups, interim officer positions, accounting issues and regulatory filings. Mr. Doss
is a graduate of the University of Maryland with degrees in accounting and business
management.
Richard Diotte, VicePresident, South America Operations
Richard Diotte began his career in the securities industry, where he spent 13 years
successfully managing institutional and retail portfolios with Burns Fry Limited and
Nesbitt Burns, which later became Nesbitt Thomson. Mr. Diotte has developed a
strong network in the resource sector and managed exploration budgets exceeding
$10,000,000 for advanced mining prospects and production startups. More than
once, these transactions were made via public companies with market capitalizations
ranging from $2 million to well above $100 million. Mr. Diotte graduated from the
University of Laval in 1982 with a B.A. in Economics.
Marcus Mueller, DirectorIn 1990, Marcus Mueller began international trading of various steel, building and
other products into Germany from Korea, France and China. In 1998, Mr. Mueller
joined Klockner & Co. Group, recognized as the largest independent steel and metal
distributor by turnover worldwide. As VicePresident, Trade and Finance in Canada,
he was responsible for international sales and purchases (various products) and all
associated contractual, financial, logistics and taxation requirements. In 2005, Mr.
Mueller established Trading House Worldwide Corp., which provides consulting
services to the steel and iron ore industry and specializes in international trading in
steel from Asia, the Middle East and Europe into NAFTA and international trading of
raw materials and metal scrap.
Share StructureFully Diluted 61,662,132*
Total Outstanding – 47,000,000
Free Trading – 7,000,000
Post 100% of Global Finishing transaction*
Contact Information
Investor Relations
OTC Connections Inc.
1 (800) 2158292
contact@otcconnections.com
Innocent Head Office
Innocent Inc.
2000 NE 22nd St.
Wilton Manors, FL 33305
Telephone: 1 (828) 4899409
www.innocentinc.com