Latest News for Capital Finl Glb Stock (OTC:CFGX)

Capital Financial Global Inc is a specialty finance company. It provides asset-backed financing and loan advisory services. The company provides services such as Life Insurance Backed Lending, Commercial Real Estate Backed Lending, Residential Real Estate Backed Lending, and others.

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CFGX

Capital Financial Global to Acquire $25M Gold Ore Stockpile

Capital Financial Global Acquires Distressed Gold Mine 

CAPITAL FINCL GLOBAL INC by Capital Financial Global, Inc.

Capital Financial Global Inc

BFTI

Capital Financial Global. (OTC: <a class="ticker" href="/stock/cfgx#OTC">CFGX</a>), 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.&nbsp; 
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.&nbsp; Capital Financial Global will seek a buyer for the gold prior to formalizing the purchase.
"Our Mining &amp; 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
 <a href="http://www.benzinga.com/pressreleases/13/12/n4123553/capital-financial-global-to-acquire-25mm-gold-ore-stockpile-extending-d">See full press release</a>

Capital Financial Global, Inc. (OTC:CFGX), announced today that it has acquired a 100% interest in the St. Louis Gold Mine in Clark County, Nevada.

The St. Louis Mine is comprised of Arctic, Atlantic, Pacific, Baltic, and Antarctic Lode patented gold and silver mining claims situated on 85.54 acres of property located in Clark Country, Nevada, approximately four miles north of Searchlight, Nevada, a well-known gold mining area.

The move is consistent with the Company's stated long term strategy to back its lending operation by gold and precious metals so it can be insulated against another credit crisis, wherein much of the world's core assets were devalued almost overnight. 

"I want to make sure the back-bone of this company consists of assets that have intrinsic value and that can be freely traded anywhere in the world without being subject to third-party appraisals or local housing prices, and precious metals are really good for that," said Mr. Paul Norat, CEO of Capital Financial Global, Inc.

Press Releases

Capital Financial Global, Inc. Announces Plans for Upcoming Real Estate Debt Fund

Capital Financial Global, Inc. Announces Plan to Upgrade its Board of Directors

Capital Financial Global Increases Funding Capacity With New Strategic Partnership

Capital Financial Global Appoints Charles Cottrell to Board of Directors

Capital Financial Global Appoints Jason Skowronek to Board of Directors

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Latest News for Capital Finl Glb Stock (OTC:CFGX)

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