“We are delighted to be in negotiations with Gambit to work our distressed St. Louis Mine,” said Mr. Paul Norat , CEO of Capital Financial Global, Inc. “Gambit has agreed in concept to finance its part of the operation for a split of the end proceeds, which puts us at much lower risk. Based on mining efforts in the surrounding area, Gambit feels it can pull and process enough ore with sufficient precious metals yield to make this the deal of the century for both of our companies.”
“Furthermore, this goes to show that our business model of acquiring distressed loan related assets works,” said Mr. Norat. “If borrowers can successfully complete the loan work-out process we will make money; If they can’t, we will still make money by converting the related collateral to cash.”
The St. Louis mine is comprised of 85.5 acres near Searchlight, Nevada , containing 5 patented lode mining claims. For more information about the mine, please visit our “Investor Center” at http://www.capfiglobal.com/investor-center/projects.
For additional information, please contact our Investor Relations team headed by Mr. Michael Keller by calling toll free at 888-801-9715 or by emailing ir@capfiglobal.com.
For further information regarding Gambit Trade Worldwide, please visit http://gambittrade.com.
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC:CFGX.PK – News) is a specialty finance company that, unlike traditional banks, helps organizations obtain needed liquidity by using an asset-backed approach rather than a traditional credit approach to originating new loans, buying and selling existing loans, and by converting distressed collateral into cash or trade-able form. The company is publicly traded on the OTC Markets trading system under the symbol “CFGX”.
Our Business Model
The Company makes money by originating new loans, buying and selling existing loans, and by converting distressed collateral into cash or trade-able form.
Market Segments
The market segments the Company operates in are: insurance trusts and pension funds, residential & commercial real estate, precious metals, and investment grade government securities. The Company will also aggressively pursue any other opportunities that fall within its overall strategy.
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 within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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
Mike Keller
Tel: 888-801-9715
Email: ir@capfiglobal.com
http://www.capfiglobal.com/
