PR Newswire 09/07/2011 8:45 AM ET
Bond Offering Update
Recent FGBF News
1st Global Financial Corporation Completes Purchase of Two Lots in Humber Valley, Newfoundland, Canada
08/15/2011 8:30 AM ETLAS VEGAS, Sept. 7, 2011 /PRNewswire/ -- 1st Global Financial Corporation (OTC: FGBF) announced today that it will submit to DTC for approval to trade its $200,000,000 bond offering electronically. This will allow the FGBF bonds to be bought and sold between brokers worldwide. The Company is expecting to have its initial Bond sales completed before the end of the month. The bond proceeds will be used to complete its real estate purchases in Ireland, Europe and the United States.
1st Global Financial President Johnny Bannister said, "We are now in the final stages to completion of our bond offering in addition we are in advanced negotiations to conclude significant alliances with existing property developers and their financiers to secure the next stage of our business plans. We anticipate making full disclosures before the end of September 2011. The Board of Directors thanks our shareholders for their continuing support for our efforts on their behalf."
About 1st Global Financial Corporation
1st Global Financial Corporation is creating strategic partnerships with individual and institutional owners of property portfolios in Ireland, the United Kingdom, Europe, USA and the Caribbean to finance the acquisition of those portfolios. 1st Global Financial Corporation has selected a range of properties including hotels, commercial retail and office, and leisure developments to provide a comprehensive spreadsheet of income generation to facilitate growth in the Corporation. 1st Global intends to present to the investment community at all levels an opportunity to participate in solid property asset acquisition with steady income projection. The Corporation plans to issue a series of asset backed bonds in this financial year and has begun the confidential negotiations with book-runners and institutional investment managers in Europe, China, and the Middle East to facilitate that intention.
For more information please view our website www.1stglobalfinancialcorp.com.
Safe Harbor Statement: This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as 1st Global Financial Corporation or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Please send inquires info@fgbf-corp.com 702-448-1861
SOURCE 1st Global Financial Corporation
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