SALT LAKE CITY, June 19, 2014 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has received initial assay results taken to verify gold content in target ore material that is the subject of a potential transaction with mining company Noble Metal Kings, LLC. The Company is seeking to purchase the gold ore material with the intent to re-sell it to market participants in the distribution chain, extending its ore distribution and off-take financing capabilities.
"Getting confirmation that there is gold present in commercially viable quantities in this project is exciting news for us," said Mr. Paul Edward Norat, CEO of Capital Financial Global, Inc. "We fully expect to acquire this material and sell it for some nice returns. However, the long-term angle with this transaction is to help us gain the competency we need to start financing ore related transactions for others—that's where we believe the bigger business opportunity exists."
|
TABLE X-XX Verification Sample Assay Results Compared to Owner Submitted Results with Property Data Package | |||||||
|
Verification Sample ID |
Verification Sample wt in lbs. |
Verification ppm gold in concentrate (ALS results) |
Verification opt gold in concentrate |
Verification opt/yd3 |
Submitted Data Package Sample Grade - gpt |
Submitted Data Package Sample - opt | |
|
DW 1 |
9579 lbs - 3 yd3 |
38.8 |
1.132 |
1.807 |
---- |
---- | |
|
DW 2 |
9579 lbs - 3 yd3 |
28.3 |
0.825 |
1.317 |
1.330 |
0.039 | |
|
DW 3 |
9579 lbs - 3 yd3 |
78 |
2.275 |
3.632 |
---- |
---- | |
|
DW 4 |
79.56 lbs |
0.16 |
0.005 |
0.007 |
0.340 |
0.010 | |
|
DW 5 |
76.5 lbs |
0.23 |
0.007 |
0.011 |
---- |
---- | |
|
DW 6 |
61.2 lbs |
0.28 |
0.008 |
0.013 |
---- |
---- | |
|
Refer to sample descriptions in report for details on sample type, collection & concentration methodology and assay method used. | |||||||
|
THESE ARE ESTIMATED GRADES ONLY - ADDITIONAL METALLURGICAL WORK NEEDS TO BE COMPLETED |
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The Company expects to execute a new letter of intent with Noble Metal Kings after it receives and publicly posts a formal technical geological report containing a formal treatise of the prospect.
Disclosures can be found on the Company's website and its online disclosure portal at:
http://www.capfiglobal.com
http://www.otcmarkets.com/stock/CFGX/filings
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (CFGX) is a specialty finance company that offers asset-backed financing and loan advisory services to insurance trusts & pension funds, owners of commercial real estate, owners of residential real estate portfolios, and owners of mining & precious metals assets.
Our Market Positioning & Differentiation
Unlike traditional banking models, CFGX offers organizations needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and converting distressed collateral into cash or trade-able form.
Our Revenue Model
We seek revenue from loan fees, interest rate spreads on loans we hold, and margins on loans sold in whole or in part to institutional investors, hedge funds, or other secondary market participants. We also seek revenue by charging loan servicing fees and by selling distressed assets that we acquire for our own investment or through some type of foreclosure.
Forward-looking statements:
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
For more information please contact:
Capital Financial Global, Inc.
Investor Relations
Tel: 888-801-9715
Email: ir@capfiglobal.com
www.capfiglobal.com
Twitter: @CFGX
Facebook: "Capital Financial Global, Inc. Ticker: CFGX"
SOURCE Capital Financial Global, Inc.
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