Elray Resources Inc (ELRA)

[Jerry70]

$ ELRA. Elray Gaming Finalizes a Stock Purchase Agreement With a Strategic Partner in Asia.


NEW YORK - Aug. 08, 2014 - InvestorsHub NewsWire - Elray Resources Inc. (OTCBB:ELRA) announced today that it has Entered into a Definitive Stock Purchase Agreement.

Elray Resources Inc., has completed the sale of 10,000,000 shares of common stock at a price of 3 cents per share. The Share Purchase Agreement has been concluded with a Strategic Asian Partner, Longma Holdings Limited. Longma is a Hong Kong Company.

As a result of the closing of this transaction, $300,000.00 in cash will be paid to Elray.

The parties to the Transaction have agreed to work together in developing Elray's Technology and Gaming business in Asia.

Neither the Company nor any of its affiliates have a material relationship with the Purchaser, other than in respect of the Purchase Agreement.