Element Global, Inc. (OTCPK:ELGL) entered in a binding letter of intent to acquire ELEMENT GLOBAL MINING GROUP, INC. on August 25, 2016. Element Global entered in a agreement to acquire ELEMENT GLOBAL MINING on December 1, 2016. As part of the transaction, Element Global will acquire ELEMENT GLOBAL MINING with substantial assets and business operations. The transaction is expected to close on or before October 31, 2016. The deal is expected to close in the week ending on November 18, 2016.