MIAMI, FL / ACCESSWIRE / April 8, 2016 / ML Capital Group Inc. (OTC PINK: MLCG) (PINKSHEETS: MLCG) / ML Capital Group Inc., (OTC PINKSHEETS: MLCG): ML Capital Group Inc. would like to inform its valued shareholders that the Company has accepted, cancelled and returned to treasury 1,562,250,000 restricted common shares. The current issued and outstanding shares will be updated on the OTC Markets Company profile page within one to two business days. The company can confirm however that the existing float numbers are accurate.
These cancelled shares were previously held by former Officers, Directors and Insiders of the Company. The Company would like to acknowledge these former Shareholders for their ongoing dedication to the health and prosperity of the Company and its Shareholders. "By taking the high road these former Shareholders have directly contributed to a potentially significant increase in Shareholder value by not allowing these shares to dilute the market in the future" said CEO Mr. Bobryk. "We made a commitment to our Shareholders concerning unnecessary dilution and this is our first success in validating that statement" he added.
Additionally, the Company would like to inform is Shareholders that it has identified the first acquisition target and intends to begin binding negotiations this coming week. The Company will update Shareholders as new developments occur over the coming weeks.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
ML Capital Group Inc.
Contact: Kevin Bobryk
SOURCE: ML Capital Group Inc.