Capital Financial Global, Inc. (OTC:CFGX), announced today that it has acquired a 100% interest in the St. Louis Gold Mine in Clark County, Nevada.
The St. Louis Mine is comprised of Arctic, Atlantic, Pacific, Baltic, and Antarctic Lode patented gold and silver mining claims situated on 85.54 acres of property located in Clark Country, Nevada, approximately four miles north of Searchlight, Nevada, a well-known gold mining area.
The move is consistent with the Company’s stated long term strategy to back its lending operation by gold and precious metals so it can be insulated against another credit crisis, wherein much of the world’s core assets were devalued almost overnight.
“I want to make sure the back-bone of this company consists of assets that have intrinsic value and that can be freely traded anywhere in the world without being subject to third-party appraisals or local housing prices, and precious metals are really good for that,” said Mr. Paul Norat, CEO of Capital Financial Global, Inc.
Mr. Norat further stated, “Every monetary system in the world is supposed to be backed by gold, it only makes sense that we aspire to do the same.”
About Capital Financial Global, Inc.
Capital Financial Global, Inc. (OTC:CFGX) is a specialty finance company that facilitates the movement of credit and illiquid assets in the secondary debt markets, by originating new loans, buying and selling existing loans, and by converting assets upon which these loans are secured 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 assets upon which these loans are secured into cash or trade-able form.
Our Basic Strategy
The Company looks for opportunities for arbitrage by exploiting price differences in assets and interest rates due to distressed economic conditions rather than deterioration in the intrinsic value of the assets themselves.
The market segments the Company operates in are: residential & commercial real estate, insurance trusts and pension funds, precious metals, and investment grade government securities. The Company will also aggressively pursue any other opportunities that falls within its overall strategy.
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.
Web Site: http://www.capfiglobal.com
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Filed under: Business
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