Posted On: 08/19/2014 5:17:31 PM
Post# of 12259
Mining Global Addresses Dilution and Debt Structure
Marketwired
Mining Global, Inc. 1 minute ago
WICKENBURG, AZ--(Marketwired - Aug 19, 2014) - Mining Global, Inc. (PINKSHEETS: MNGG) announced today that is has made significant progress on reducing its overall debt structure.
"Through a combination of due diligence and fruitful negotiations with debt holders, we've been making significant progress with reducing the amount of debt on our balance sheet," said Joel J. Natario, Chief Executive Officer of Mining Global, Inc. "In doing this, we have successfully delivered a massive shot in the arm to our book value, which should translate into a stronger stock price as shareholders begin to take notice. Ultimately our plan is to be debt free by year's end 2014."
Since the arrival of the new management team in May of 2014, the Company began with more than $3 million in debt, as reported in its last 10-K, and has successfully lowered that amount to under $1 million, for a net reduction of more than $2 million worth of debt, as of August 19, 2014.
Disclosures can be found on the Company's online disclosure portal at: http://www.otcmarkets.com/stock/MNGG/filings
About Mining Global Inc.
Mining Global's objective is to build and operate world-class mines and develop a robust portfolio of assets in North America with the focus on organic growth and early stage acquisitions. The exceptional experience and strength of Mining Global's management team, combined with the excellent infrastructure and robust economics of the Arizona mining industry, sets Mining Global to become a leading Gold development and mining company.
http://finance.yahoo.com/news/mining-global-a...44732.html
Marketwired
Mining Global, Inc. 1 minute ago
WICKENBURG, AZ--(Marketwired - Aug 19, 2014) - Mining Global, Inc. (PINKSHEETS: MNGG) announced today that is has made significant progress on reducing its overall debt structure.
"Through a combination of due diligence and fruitful negotiations with debt holders, we've been making significant progress with reducing the amount of debt on our balance sheet," said Joel J. Natario, Chief Executive Officer of Mining Global, Inc. "In doing this, we have successfully delivered a massive shot in the arm to our book value, which should translate into a stronger stock price as shareholders begin to take notice. Ultimately our plan is to be debt free by year's end 2014."
Since the arrival of the new management team in May of 2014, the Company began with more than $3 million in debt, as reported in its last 10-K, and has successfully lowered that amount to under $1 million, for a net reduction of more than $2 million worth of debt, as of August 19, 2014.
Disclosures can be found on the Company's online disclosure portal at: http://www.otcmarkets.com/stock/MNGG/filings
About Mining Global Inc.
Mining Global's objective is to build and operate world-class mines and develop a robust portfolio of assets in North America with the focus on organic growth and early stage acquisitions. The exceptional experience and strength of Mining Global's management team, combined with the excellent infrastructure and robust economics of the Arizona mining industry, sets Mining Global to become a leading Gold development and mining company.
http://finance.yahoo.com/news/mining-global-a...44732.html
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