Mining Global Addresses Dilution and Debt Structure
19 Agosto 2014 - 3:25PM
InvestorsHub NewsWire
WICKENBURG, AZ - August 19, 2014 - InvestorsHub
NewsWire - Mining Global, Inc. (OTC Pink:
MNGG) announced today that is has made significant progress on
reducing its overall debt structure.
"Through a combination of due diligence and fruitful negotiations
with debt holders, we’ve been making significant progress with
reducing the amount of debt on our balance sheet," said Joel J.
Natario, Chief Executive Officer of Mining Global, Inc. "In doing
this, we have successfully delivered a massive shot in the arm to
our book value, which should translate into a stronger stock price
as shareholders begin to take notice. Ultimately our plan is to be
debt free by year’s end 2014."
Since the arrival of the
new management team in May of 2014, the Company began with more
than $3 million in debt, as reported in its last 10-K, and has
successfully lowered that amount to under $1 million, for a net
reduction of more than $2 million worth of debt, as of August 19,
2014.
Disclosures can be found on the Company’s online disclosure portal
at: http://www.otcmarkets.com/stock/MNGG/filings
About Mining Global Inc.
Mining Global’s objective is to build and operate world-class mines
and develop a robust portfolio of assets in North America with the
focus on organic growth and early stage acquisitions. The
exceptional experience and strength of Mining Global’s management
team, combined with the excellent infrastructure and robust
economics of the Arizona mining industry, sets Mining Global to
become a leading Gold development and mining company.
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.
Investor Relations
Mining Global, Inc.
660 Via Corte, Suite B
Wickenburg, AZ 85390
Website: http://miningglobalinc.com/
Phone: 928-232-0478
Email: info@miningglobalinc.com
Mining Global (PK) (USOTC:MNGG)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Mining Global (PK) (USOTC:MNGG)
Gráfica de Acción Histórica
De May 2023 a May 2024
Real-Time news about Mining Global Inc (PK) (OTCMarkets): 0 recent articles
Más de Mining Global, Inc. (PC) Artículos de Noticias