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Capital Financial Global Acquires 10 Year Stream of Gold Ore Concentrates in Off-Take Agreement
Capital Financial Global Acquires 10 Year Stream of Gold Ore Concentrates in Off-Take Agreement.
About this update from Capital Financial Global, Inc.
[{"type":"text","content":"\n\n\n\nCapital Financial Global Acquires 10 Year Stream of Gold Ore Concentrates in Off-Take Agreement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCapital Financial Global Acquires 10 Year Stream of Gold Ore Concentrates in Off-Take Agreement\nPR Newswire\nSALT LAKE CITY, July 30, 2014\n\n\n\nSALT LAKE CITY, July 30, 2014 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has successfully acquired a ten-year stream of gold ore concentrates in an off-take agreement with mining company Noble Metal Kings.\n\nThe agreement calls for a minimum of 100 kilograms (3,215 troy ounces) per month, at 80% purity, with a price of 85% of spot, spanning a period of 10 years.\n\n\"We expect this transaction to provide us with a ten-year income stream,\" said Mr. Paul Edward Norat, CEO of Capital Financial Global, Inc. \"As we generate revenue through selling the gold material, we'll solidify the vertical through-put we need in the distribution chain to start financing ore-related projects, which is a market in which we believe we can effectively compete.\"\n\nThe acquired gold material is expected to be delivered and sold to Quantum Refiners, LLC, in Atlanta, Georgia, which owes upwards of $5.1 million dollars to Capital Financial Global, Inc.\n\nDisclosures 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\n\nAbout Capital Financial Global, Inc.\n\nCapital 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.\n\nOur Market Positioning & Differentiation\n\nUnlike 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 c...