Elray Resources Inc (ELRA)

[C.R.T]

~Did anyone read this!!! Gamechanger

The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended, for the issuance of the foregoing shares pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since, among other things, the transaction does not involve a public offering, the purchasers are “accredited investors” and/or qualified institutional buyers, the purchasers have access to information about the Company and its purchase, the purchasers will take the securities for investment and not resale, and the Company is taking appropriate measures to restrict the transfer of the securities.

The purchasers will take the securities for an investment and not for resale. Thats a 4.3 million dollar investment in ELRA by many institutions!!!!