Capital Nears Deal With Gambit To Mine Nevada Gold

Law360, New York (January 3, 2012, 12:20 PM EST) -- Capital Financial Global Inc. has signed a letter of intent with mining operator Gambit Trade Worldwide to try to extract precious metals from a distressed mining site in Nevada, the firm said Tuesday.

If the deal goes through, Gambit would finance its part of the operation and split the proceeds with Capital, the financial firm said in a statement. The companies did not disclose the terms of the deal and did not immediately respond to requests for comment.

The agreement would reduce Capital's risk in financing the distressed mining asset, which has...
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