Posted On: 01/08/2015 1:40:45 PM
Post# of 12259
Mining Global Buys Back Debt to Avoid Dilution
Alert
Wickenburg, AZ - October 27, 2014 - InvestorsHub NewsWire - Mining Global, Inc. (OTC Pink: MNGG) announced today that it has repurchased $100,000 of outstanding notes to prevent as many as one billion shares from hitting the market in December in effort to avoiding more dilution of its common stock.
“This is not an easy task that we are doing for our shareholders, but it will show the direction of the company’s goals,” said Joel J. Natario, Chief Executive Officer of Mining Global, Inc. “Our next step is to start buying back shares in November."
Disclosures can be found on the Company’s online disclosure portal at: http://www.otcmarkets.com/stock/MMNG/filings
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