OKLAHOMA CITY, OK--(Marketwired - Jul 10, 2014) - Converge Global, Inc. (OTC Pink: CVRG) (PINKSHEETS: CVRG) -- The Board of Directors of CVRG held a meeting on July 9, 2014. The purpose of the said meeting was to approve an offer to purchase that was received by the corporation on June 27, 2014. The said offer was for the shareholders to receive $0.08 per share for all of the outstanding shares issued by the corporation.
After completing its due diligence the Board is pleased to recommend that the shareholders accept the said offer to purchase. The secretary of the corporation shall instruct the transfer agent to forward proxy voting forms to all shareholders of record prior to July 18, 2014. The offer received was from a bonafide investment fund. The name of the fund will be made public after the secretary has given the instructions to the transfer agent for the sending of the proxy forms.
About Converge Global, Inc.
Converge Global, Inc. is a publicly traded junior gold producer with operations in the Russian Federation. Converge Global, Inc. seeks to acquire gold producing mining operations in the Russian Federation as well as other markets.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Converge Global, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.