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Capital Financial Global Executes Letter Of Intent To Purchase Gold Concentrates In Off-Take Agreement With Noble Metal Kings
Capital Financial Global Executes Letter Of Intent To Purchase Gold Concentrates In Off-Take Agreement With Noble Metal Kings.
About this update from Capital Financial Global, Inc.
[{"type":"text","content":"\n\n\n\nCapital Financial Global Executes Letter Of Intent To Purchase Gold Concentrates In Off-Take Agreement With Noble Metal Kings\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 Executes Letter Of Intent To Purchase Gold Concentrates In Off-Take Agreement With Noble Metal Kings\nPR Newswire\nSALT LAKE CITY, June 30, 2014\n\n\n\nSALT LAKE CITY, June 30, 2014 /PRNewswire/ -- Capital Financial Global, Inc. (OTC Pink: CFGX), announced today that it has executed a letter of intent to purchase gold ore concentrates from Noble Metal Kings in an off-take agreement. Definitive documents outlining the details are expected to be entered into within the coming weeks.\n\nThe letter of intent states that \"Seller agrees to sell and Buyer agrees to buy a minimum of 100 kilograms (3,215 troy ounces) per month, up to as much as Seller can deliver,\" with 80% purity, at 85% of spot, for 10 years.\n\n\"This transaction is important to us for several reasons,\" said Mr. Paul Edward Norat, CEO of Capital Financial Global, Inc. \"Not only will we generate revenue through selling the gold material, but we'll solidify the vertical through-put in the distribution chain needed to start financing ore related transactions for others—which as I've said, is where we believe the bigger business opportunity exists.\"\n\nThe gold material is expected to be delivered to Quantum Refiners, LLC, in Atlanta, Georgia, which purchased the operations of Gold Rush Refiners, LLC, and assumed the $5.1 million note now owed to Capital Financial Global, Inc.\n\nThe Company is seeking to purchase gold ore material with the intent to re-sell it to market participants in the distribution chain, extending its ore distribution and off-take financing capabilities.\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...