SOURCE: Element Global, Inc.

Element Global, Inc.

SOURCE: Global Mining Group, Inc.

August 25, 2016 14:15 ET

Element Global, Inc. (ELGL) Announces Binding "Letter of Intent"

VIRGINIA BEACH, VA--(Marketwired - August 25, 2016) - ELEMENT GLOBAL, INC. (OTC PINK: ELGL) announces binding "Letter of Intent" with GLOBAL MINING GROUP, INC., a Delaware Corporation.

After 1.5 years of negotiation and due diligence, ELGL will acquire GLOBAL MINING, INC.'s assets and operations.

Pending final paperwork, ELGL believes this acquisition should bring significant value to the Company and its shareholders.

A further announcement on new officers and directors to be provided at the time acquisition closes.

For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, at 757-306-6090 and yes@yesinternational.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.

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Contact Information

  • Contact:
    Rich Kaiser
    YES INTERNATIONAL
    757-306-6090