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"
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SOURCE Capital Financial Global, Inc.