Moon Equity Holdings Corp. Details Its Acquisition of Royal Costino LLC and Outlines Next Acquisition of Mining Processing Facility in Peru

Rhea-AI Summary

Moon Equity Holdings Corp. (OTC: MONI) announced the acquisition of Royal Costino LLC, a mining subsidiary operational since 2013. Under new President Anthony Cappaze, who processed over 100,000 ounces of gold, this acquisition is expected to bolster revenue generation. Royal Costino LLC previously generated over $28 million in 10 months and is set to increase processing capacity from 50 tons to 300 tons of ore per day, projecting revenues of approximately $45,000 daily. The acquisition of a processing facility in Peru will further enhance operational capabilities.

Positive

• Acquisition of Royal Costino LLC expected to enhance revenue generation.
• Processing capacity at the new facility to increase from 50 tons to 300 tons per day.
• Projected daily revenues from the facility estimated at $45,000.

Negative

• Previous operational delays due to Covid-19 could impact recovery.

Delray Beach, FL, Aug. 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Moon Equity Holdings Corp. (OTC symbol MONI) provides details of its recently announced acquisition of Royal Costino LLC. Royal Costino LLC was acquired as our wholly owned subsidiary which has been operational since 2013. Anthony Cappaze has been appointed President of our new Mining Division. Anthony Cappaze is responsible for processing and exporting over 100,000 ounces of gold over the last three years that were sold at an average of $1,500 per ounce.

Royal Costino LLC generated over $28 million in revenues for 10 months between 2019 and 2020 but delayed operations due to Covid. This acquisition completes the first step of the first phase of our two mining acquisitions. Royal Costino LLC is exploring numerous other mining opportunities for future acquisitions.

Royal Costino LLC is in the process of acquiring a mining processing facility existing in the southern district of Peru. This acquisition will significantly enhance revenue generation for Royal Costino LLC going forward. The acquisition is set to close the week of August 9. This mining processing facility is currently operational with licenses and permits to process 50tons per day, the facility currently generates $150 per ton just processing ore. The Royal Costino LLC acquisition will maximize the mining processing facility’s capacity to scale up to process 300 tons of ore per day which equates to approximately $45,000 per day in estimated revenues. The facility’s net expenses are estimated at $550 per day for personnel and operational expenses based on a six-day workweek. 

Royal Costino LLC’s primary business is exporting, producing, and the buying and selling of precious metals. The company can more than handle the extraction of gold, silver, and copper in excess of $100 million USD annually; this has already been achieved by the Royal Sovereign Costino under the management of Mr. Cappaze and his strong management team of engineers, geologists, and security.

Mr. Anthony Cappaze is the Founder and CEO of Royal Sovereign Costino. Mr. Cappaze has been a Director, Chairman and Chief Executive Officer of Lighthouse since its inception in 1991. Mr. Cappaze has served as President of Trinity Group, an investment advisory company, since 1998. From 1983 to 1998, he was Regional Manager, New York, and New Jersey, for Northern Telecom. Prior to that, from 1975 to 1983, he served as Eastern U.S. Regional Vice President, Computer Marketing and Sales, at United Telecom. 

https://www.royalsovereigncostino.com/

 On May 28, 2021, Moon Equity Holdings Corp. (formerly World Oil Group Inc) filed the proper documents with OTC Markets regarding a change of control and to reflect our new CEO, Alison Galardi, as our sole Officer and Director. This was filed to stay in compliance with OTC Markets guidelines. On July 19, 2021, the company was successful in obtaining a name and symbol change to (MONI), and new cusip number for Moon Equity Holdings Corp. 

All officers of World Oil Group, Inc. resigned prior to our May 28th, 2021 filing with OTC Markets. Currently, Moon Equity Holdings Corp. officially has only two Officers: Alison Galardi and newly elected Anthony Cappaze, and two Directors: Alison Galardi and Susan Ferrari. Due to the OTC Markets backlog, we anticipate these changes will be reflected soon.

Our new acquisition, Royal Costino LLC, is now back on pace to begin generating revenues pre-Covid. We will be providing pictures of the mining operations of Royal Costino LLC, the mining processing facility, and many more updates on our official Twitter site. https://twitter.com/moon45184976

Safe Harbor Statement

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management's view of  Moon Equity Holdings Corps .future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of  Moon Equity Holdings Corps subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on  Moon Equity Holdings Corp. future results. The forward-looking statements included in this press release are made only as of the date hereof. Moon Equity Holdings Corp. cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Moon Equity Holdings Corp. undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Moon Equity Holdings Corp.

Contact us at: 
Info@moonequityholdings.com 

FAQ

What is Moon Equity Holdings Corp. acquiring?

Moon Equity Holdings Corp. is acquiring Royal Costino LLC as a wholly owned subsidiary.

When is the Royal Costino LLC acquisition expected to close?

The acquisition is set to close the week of August 9, 2021.

What impact will the acquisition have on revenues for MONI?

The acquisition is expected to significantly enhance revenue generation by scaling processing capacity and increasing operational efficiency.

Who is overseeing the new Mining Division at MONI?

Anthony Cappaze has been appointed President of the new Mining Division.

What historical revenue did Royal Costino LLC generate?

Royal Costino LLC generated over $28 million in revenues for 10 months between 2019 and 2020.