Moon Equity Holdings Corp. Details Its Acquisition of Royal Costino LLC and Outlines Next Acquisition of Mining Processing Facility in Peru
Delray Beach, FL -- August 2, 2021 -- InvestorsHub NewsWire --
Moon Equity Holdings Corp. (OTC
symbol MONI) provides details of its recently announced
acquisition of Royal Costino LLC. Royal Costino LLC was acquired as
our wholly owned subsidiary which has been operational since 2013.
Anthony Cappaze has been appointed President of our new Mining
Division. Anthony Cappaze is responsible for processing and
exporting over 100,000 ounces of gold over the last three years
that were sold at an average of $1,500 per ounce.
Royal Costino LLC generated over $28 million in revenues for 10
months between 2019 and 2020 but delayed operations due to Covid.
This acquisition completes the first step of the first phase of our
two mining acquisitions. Royal Costino LLC is exploring numerous
other mining opportunities for future acquisitions.
Royal Costino LLC is in the process of acquiring a mining
processing facility existing in the southern district of Peru. This
acquisition will significantly enhance revenue generation for Royal
Costino LLC going forward. The acquisition is set to close the week
of August 9. This mining processing facility is currently
operational with licenses and permits to process 50tons per day,
the facility currently generates $150 per ton just processing ore.
The Royal Costino LLC acquisition will maximize the mining
processing facility’s capacity to scale up to process 300 tons of
ore per day which equates to approximately $45,000 per day in
estimated revenues. The facility’s net expenses are estimated at
$550 per day for personnel and operational expenses based on a
Royal Costino LLC’s primary business is exporting, producing,
and the buying and selling of precious metals. The company can more
than handle the extraction of gold, silver, and copper in excess of
$100 million USD annually; this has already been achieved by the
Royal Sovereign Costino under the management of Mr. Cappaze and his
strong management team of engineers, geologists, and security.
Mr. Anthony Cappaze is the Founder and CEO of Royal Sovereign
Costino. Mr. Cappaze has been a Director, Chairman and Chief
Executive Officer of Lighthouse since its inception in 1991. Mr.
Cappaze has served as President of Trinity Group, an investment
advisory company, since 1998. From 1983 to 1998, he was Regional
Manager, New York, and New Jersey, for Northern Telecom. Prior to
that, from 1975 to 1983, he served as Eastern U.S. Regional Vice
President, Computer Marketing and Sales, at United
On May 28, 2021, Moon Equity Holdings Corp. (formerly
World Oil Group Inc) filed the proper documents with OTC Markets
regarding a change of control and to reflect our new CEO, Alison
Galardi, as our sole Officer and Director. This was filed to stay
in compliance with OTC Markets guidelines. On July 19, 2021, the
company was successful in obtaining a name and symbol change to
(MONI), and new cusip number for Moon Equity Holdings
All officers of World Oil Group, Inc. resigned prior to our May
28th, 2021 filing with OTC Markets. Currently, Moon Equity Holdings
Corp. officially has only two Officers: Alison Galardi and newly
elected Anthony Cappaze, and two Directors: Alison Galardi and
Susan Ferrari. Due to the OTC Markets backlog, we anticipate these
changes will be reflected soon.
Our new acquisition, Royal Costino LLC, is now back on pace to
begin generating revenues pre-Covid. We will be providing pictures
of the mining operations of Royal Costino LLC, the mining
processing facility, and many more updates on our official Twitter
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and Section 21E and or 27E of the Securities Exchange Act of 1934
that are based upon assumptions that in the future may prove not to
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the company and the risks and uncertainties detailed from time to
time in reports filed by the company with the Securities and
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including information about management's view of Moon Equity
Holdings Corps .future expectations, plans and prospects. In
particular, when used in the preceding discussion, the words
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forward-looking statements. Any statements made in this news
release other than those of historical fact, about an action, event
or development, are forward-looking statements. These statements
involve known and unknown risks, uncertainties and other factors,
which may cause the results of Moon Equity Holdings Corps
subsidiaries and concepts to be materially different than those
expressed or implied in such statements. Unknown or unpredictable
factors also could have material adverse effects on Moon
Equity Holdings Corp. future results. The forward-looking
statements included in this press release are made only as of the
date hereof. Moon Equity Holdings Corp. cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, Moon Equity Holdings Corp.
undertakes no obligation to update these statements after the date
of this release, except as required by law, and also takes no
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