secwatch.observer — SEC 8-K summary
======================================

Issuer:     CIL&D, LLC (—)
CIK:        0001144834
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001193125-23-110344
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

CIL&D sells Kaiser Eagle Mountain for ~$22.6M, subsidiaries for ~$52K; proceeds distributed
--------------------------------------------------------------------------------

- KEM sold to Ecology Mountain Holdings for net cash ~$22,580,000 after closing costs and adjustments.
- Subsidiaries sold to Eubank Ave. LLC for net ~$52,000; Mine Reclamation entitled to 53.3% of net KEM proceeds.
- Remaining assets: cash, investments, and 84.247% interest in Mine Reclamation, expected to dissolve by end of 2023.
- Officers Stoddard and Cook resigned from sold entities; ~$887K distributed to Class C/D units, ~$650K incentive paid to Stoddard.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144834/000119312523110344/0001193125-23-110344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144834/000119312523110344/d467614d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-110344

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer