Capital Financial Global to Acquire $25M Gold Ore Stockpile

Capital Financial Global.

, announced today that it has signed a Letter of Intent to acquire a stockpile of ore containing gold and other precious metals for the purchase price of $25 million dollars, or approximately 70% of the value of the estimated unrecovered gold in the acquired material.  The purchase is subject to CFGX's completion of a due diligence sampling and assay of the material to confirm gold recoverability in agreed amounts.  Capital Financial Global will seek a buyer for the gold prior to formalizing the purchase. "Our Mining & Precious Metals division has been working on developing a way to finance ore for mine owners," said Mr. Paul Edward Norat, CEO of Capital Financial Global, Inc. "This transaction will allow us to test our ore liquidation channels, which is essential if we are going to do lending based on ore as the collateral. This will be a big step toward our goal to be able to monetize mines, ore, dore bars, and other precious metal products in their various stages of the production cycle." About Capital Financial Global, Inc. Capital Financial Global, Inc. (CFGX) is a specialty finance company that offers