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CVRG.PK

Started by setravis, May 13, 2009, 07:04:36 PM

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setravis

A gold mining .PK that came across my radar...
Movement...has been moving up steadily over the last month plus.
Anyone else catch it?


Converge Global, Inc. (CVRG-OTC) is an American-based junior mining company engaged in acquisition, exploration and development of properties containing principally gold as well as other precious metals. The company's primary operation is a prospect located in Asquith and Churchill Townships in Northern Ontario. The O'Connor Asquith gold property is a 50/50 Joint Venture project with Sarissa Resources Inc. (SRSR-OTC) where CVRG is commencing exploration work this April.

Further, CVRG owns 100 percent interest in the Golden Teacup properties, also located in Northern Ontario.

"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

TORONTO, May 13, 2009 (BUSINESS WIRE) -- Converge Global Inc. (Pink Sheets: CVRG) is pleased to announce we have completed a major acquisition of the Benson Lake Gold property.

The Benson Lake Gold property is situated at Skead Township 12 miles South-East of Kirkland Lake, Ontario, Canada. The Kirkland Lake mining area remains the number one mining area in Ontario. The property consists of one hundred contiguous claim units. A seven-hole diamond drill program was completed by Ryan Lake Metals Ltd. on the Skead Township property during 1994. The highest drill hole at the site yielded high grade gold assays as high as 1.69 oz/ton/1.5 ft.

President & CEO, Bryan Gonzales, commented, "It is our belief that the Benson Lake property has significant potential, it also adds value to our growing portfolio. We were highly motivated to complete the acquisition after doing our comprehensive due diligence and reviewing prior drilling results."

We plan to update our loyal shareholders with additional information on the Benson Lake property in the near future.

About Converge Global Inc.

Converge Global Inc. is a junior mining company whose business strategy is to acquire existing gold mines as well as to explore new gold properties across the globe with a current focus on Northern Canada and South America.

For more info on CVRG, visit our website at www.convergeglobalinc.com

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., and members of its management 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.

SOURCE: Converge Global Inc.


 
For Converge Global Inc.   
Merle Goertz, 866-738-9970   
[email protected] 

Copyright Business Wire 2009



"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Mining  results can cause little mining companies like CVRG to run SUPER HARD.
Jumped from .008 to .053 last time when news was released in early March 2009.
CVRG is waiting on news AGAIN. 
CVRG has a very small float, has not issued any more stock since it went public.
If you look at the chart, you see no resistance.

Technicals
Record Price High
Percentage Gainer





"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis