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
|
|
|
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.