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GEMXX Corp. (GEMZ) Plans to Fully Harness Potential of Two Promising Target Basins in Latin America, Bolstered by Recent Strategic Addition to Primary Investment Target’s Board

  • GEMXX recently announced the addition of Ali S. Abood to the board of its primary investment target, Latin Energy Partners (“LEP”)
  • The company signed in early June a definitive agreement with LEP to drill four test wells in a highly promising geological formation in Latin America
  • GEMXX and LEP are joining forces to fully harness the potential of two target basins estimated to hold more than 1 billion barrels each of recoverable oil
  • The strategic addition of Mr. Abood to LEP’s board aligns with its commitment to strengthening its investment portfolio and expanding its influence in the global energy sector
  • Mr. Abood brings a wealth of experience in international business, finance, and consultancy, having held senior directorships and advisory roles in multiple multinational corporations and done consultancy work for defense, engineering, and technology firms

GEMXX (OTC: GEMZ), a mine-to-market gold, gemstone, and jewelry producer with global reach, earlier this month signed a definitive agreement with Latin America Partners (“LEP”), an emerging leader and an independent E&P company involved in exploring significant hydrocarbon reserves in Latin America. The agreement kickstarted a collaboration to drill four test wells in a highly promising geological formation in Latin America, representing a significant milestone in the company’s expansion into the energy sector (https://ibn.fm/u6FWY).

LEP is guided by Dinesh Kumar Sarraf, the Chairman of the Board. The former Chairman and Managing Director of India’s premier E&P company, Oil and Natural Gas Corporation Ltd (“ONGC”), Mr. Sarraf is leveraging his extensive experience and strategic acumen to guide LEP toward identifying and…

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NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://ibn.fm/GEMZ

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