Envela Corp — Director's Dealing 2013

Jan 4, 2013

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DGSE COMPANIES INC (DGSE)
CIK: 0000701719
Period of Report: 2013-01-02

Reporting Person: Elemetal, LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4393142	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option (right to buy)	$	2016-10-25	Common Stock (5000000)		Direct

Footnotes

F1: On January 2, 2013, the Reporting Person entered into a Contribution Agreement with NTR Metals, LLC ("NTR"), under which NTR agreed to transfer to the Reporting Person 4,393,142 Common Shares owned by NTR and an Option Grant Agreement, dated as of October 25, 2011, whereby the Issuer granted NTR options to purchase 5,000,000 Common Shares at an exercise price of $15.00 per share. In exchange, the Reporting Person agreed to assign and transfer to NTR Class A Common Units of the Reporting Person.