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CM Funding, LLC
Raised $6,100,000
10.0% Preferred Membership Interests
Continuous Miner Equipment Financing w/Equity Participation
CM Funding, LLC (the “Issuer”), was a single purpose vehicle formed to loan funds that enabled Catalyst Resources, LLC. to acquire and/or refurbish two continuous mining machines and to acquire approximately $800,000 of outstanding participating preferred memembership intersts of Catalyst.
Mining and processing of rare meteorological-grade coal used to make Silicon Metal which is essential to manufacturing computers, cell phones, solar panels and other silicon-based products..
Worldwide Blue Gem coal reserves are declining; processing capacity is restricted by government regulation.
Catalyst controlled the largest known Blue Gem coal reserve (est. 18 million clean tons). Company’s on-site processing of coal used a highly valuable, 2008 vintage coal processing facility.
CM Funding, LLC (the “Issuer”), issued $6,100,000 in preferred membership interests to acquire and/or refurbish two continuous mining machines and to acquire certain preferred membership interests of Catalyst.