Mining Global Buys Back Debt to Avoid Dilution

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

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.

Forward-looking statements:

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. 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.

Investor Relations

Mining Global, Inc.

660 Via Corte, Suite B

Wickenburg, AZ 85390

Website: http://miningglobalinc.com/

Phone: 928-232-0478

Email: info@miningglobalinc.com

Mining Global (PK) (USOTC:MNGG)
Historical Stock Chart
From Mar 2024 to Apr 2024