The president of First Fortune Investments Inc. (News) (Frankfurt ISIN: CA3199841006, WKN: 876916), Jeff Gale, announced that it signed a memorandum of understanding with Mawson Resources Ltd.. ( “Mawson”) has taken a 25 Claims exploration and mining lease property, the Claims from 15 gold and 11 base metal Claims in northern Sweden, to acquire. Seven of the Gold Claims subject to a warrant and joint-venture agreement dated 24 August 2006 between First Fortune, Fortune First AB, Mawson and Mawson Sweden AB. The JV agreement with the completion of the transaction end, which is subject to regulatory approval. Mawson is from First Fortune for the purchase of the Claims CDN $ 250,000 and 6,000,000 shares, the future production of these two claims is subject to a NSR royalty of 2%. Upon completion of the transaction, Mawson about 19% of First Fortune on a undiluted basis. The Gold Claims are the largest property in the Skellefte gold mining district in the north of Sweden with 76,000 ha of Claims. Continue reading →