Posted on 20 June 2012.
Outstanding Shares: 116M
Capital Financial Global (CFGX) is Midvale, Utah headquartered finance company that specializes in helping organizations that include owners of commercial real estate, residential real estate pools, insurance trusts and pension funds, and owners of mining and precious metals obtain the needed liquidity by providing asset-backed liquidity solutions and loan advisory services.
Contrasting to traditional banks who utilize a credit approach, CFGX will provide asset-backed liquidity solutions to these organizations by originating new loans, buy and sell existing loans, and convert distressed collateral into cash or other tradable form. For this purpose, CFGX’s long term mission is to help restore the global economic stability and help rid the financial system of illiquid and toxic assets with the addition of only social and economically responsible financial assets to the system worldwide.
Currently, CFGX is the owner of an 85.5 acre distressed gold mine, the St. Louis Gold mine, located in Clark County, Nevada in which CFGX’s research and study has positively concluded the presence of gold. Accordingly, CFGX has engaged with a Toronto investment banking firm, IBK Capital Corp, to assist CFGX in raising the funds to bring the distressed mine back into production. IBK Capital Corp’s first order of business will be to raise CFGX’s first $3 million for the St. Louis Gold Mine. Outside of the gold mine, CFGX’s Insurance Lending unit recently announced there is $16.4 million of loans currently in process, which provides CFGX with the competitive advantage as the only company to successfully structure large loans on portfolios of insurance-related assets.
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