SOURCE: Element Global, Inc.

Element Global, Inc.

August 25, 2016 18:00 ET

Element Global, Inc. (ELGL) Provides Corrections and Additional Info on Announced Binding "Letter of Intent"

VIRGINIA BEACH, VA--(Marketwired - August 25, 2016) - Earlier, ELEMENT GLOBAL, INC. (OTC PINK: ELGL) announced binding "Letter of Intent" with GLOBAL MINING GROUP, INC., a Delaware Corporation. The Corporate entity is called ELEMENT GLOBAL MINING GROUP, INC., a Delaware Corporation, not GLOBAL MINING GROUP, INC.

Again, after 1.5 years of negotiations and due diligence, ELGL will acquire ELEMENT GLOBAL MINING GROUP, INC. with substantial assets and business operations expected post-merger into ELGL.

Additionally, 15% of the Element Global Mining Group, Inc.'s assets have been valued at over 3.7 Billion Euros.

Further, ELEMENT GLOBAL MINING GROUP, INC. is expected to bring a world class mining team onboard post-merger and anticipates closing this merger to occur on or before October 31, 2016.

As more becomes available on this merger, ELGL will release timely information.

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