ML Capital Group Inc. Announces Reduction to Outstanding Capital Shares
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
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
ML Capital Group Inc.
Contact: Kevin Bobryk
SOURCE: ML Capital Group Inc.