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Goff Corp : Penny Stocks On The Move (OTCQB: GOFF) (OTCQB: FNMA)

04/26/2013 | 03:25am US/Eastern

New York (April 26th, 2013) - Goff Corporation (OTCQB: GOFF) announced that the Company has established a new, wholly owned subsidiary based in Medellin, Colombia that will manage in country operations for work to be carried out in the course of its new Colombia Gold Projects.

Company President Warwick Calasse states, "We are establishing a significant presence in Colombia and opening our locally based operating subsidiary there will help us to execute in a more timely and efficient manner. There are also government incentives and strong ties to the local communities where we expect to be exploring for and potential producing gold. We expect that having our team on the ground and working from a local base in country will have many advantages over time. We want to become a real reference point for Colombian gold mining with significant operations. Our new subsidiary, Golden Glory Resources Colombia SAS is a leading part of that effort."

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Federal National Mortgage Association (OTCQB: FNMA) recently priced its fourth Multifamily DUS® REMIC in 2013 totaling $911.4 million under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on April 15, 2013.

"In a slight modification of our typical GeMS issuance, 2013-M5 was structured with a series of sequential tranches to meet investor demand on the shorter end of the curve," said Kimberly Johnson, Fannie Mae Senior Vice President of Multifamily Capital Markets.

Federal National Mortgage Association (Fannie Mae) provides liquidity and stability support services in the secondary mortgage market in the United States

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© Accesswire 2013
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