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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Capital Financial Global Inc (CE) | USOTC:CFGX | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 00:00:00 |
SALT LAKE CITY, Feb. 20, 2015 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has received a small test quantity (about 5 ounces) of gold concentrate as part of an off-take agreement announced on July 30, 2014. The agreement provides CFGX the right of first refusal to purchase any and all gold bearing material from the related property.
"As promised, we sent the material to Quantum Refiners, LLC in Atlanta, GA, to be weighed, smelted, analyzed, and sold," said Mr. Paul Edward Norat, CEO of Capital Financial Global, Inc. "Using the final analysis results, CFGX bought the material and then sold it to Quantum Refiners. This is significant because it shows that Quantum Refiners' refining process is able to recover gold values from the material taken from the property and that the source project does indeed have gold present on it."
Quantum's final analysis showed the following:
Item |
Metal |
Wt. Before Smelt |
Wt. After Smelt |
Assay (% Purity) |
Troy Ounces |
1 large vile |
Au (gold) |
146.6 grams |
136.3 grams |
0.8958 |
3.9255 |
4 small vials |
Au (gold) |
N/A grams |
5.5 grams |
0.8911 |
0.1576 |
Total: |
4.0831 |
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
Paul Edward Norat, CEO of Capital Financial Global, Inc., is a principal owner, officer and director of Quantum Refiners, LLC.
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"
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/capital-financial-global-receives-test-run-quantities-of-gold-from-off-take-agreement-300039183.html
SOURCE Capital Financial Global, Inc.
Copyright 2015 PR Newswire
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