CEO Update: $5.1 Million Gold Rush Refiners Loan Assumed by Quantum Gold Refiners

Dear Shareholders:

Those of you that have been following us know that one of our largest assets is the $5.1 million dollar loan originally payable to us by Gold Rush Refiners, LLC in Atlanta. I am writing to let you know that there was an asset purchase agreement wherein all of the assets, but not the liabilities, of Gold Rush Refiners, LLC were purchased by a new entity named Quantum Refiners, LLC. As part of the asset purchase, Quantum Refiners, LLC assumed the loan, so now they are our debtor.

This is good news because it means we are now much more likely to get paid and we have a clean refinery to do business with.  This will come in very handy as we do finance deals based on mining and precious metals.

Sincerely,

Paul Edward Norat, CEO
Capital Financial Global, Inc.

2014-07-03T17:44:03+00:00 July 3rd, 2014|Commentary, Uncategorized|