SILVERDALE, Wash., Feb. 20, 2013 /PRNewswire/ -- CGrowth
Capital, Inc. (OTCPINK:CGRA) is pleased to announce that it has
completed the purchase and acquisition of its first two major
pieces of equipment, a CEC Impact Plant and a CEC Screen Plant
along with miscellaneous related equipment.
These two major components are vital to the Company's operation
concerning the processing of raw ore into concentrates.
CGrowth Capital was able to negotiate favorable terms on the above
mentioned acquisition. The total asset value of the purchase
of $380,000 was paid for with a cash
deposit of $10,000, 15,000 shares of
restricted Series A preferred stock, and a note in the amount of
approximately $220,000. The
note carries an interest rate of 6.33%.
"We are excited about our strategic equipment purchases," said
Bill Wright, CEO of CGrowth Capital,
Inc. "This equipment represents anchor pieces in our initial
processing activities. As was presented in my January letter
to shareholders, CGrowth Capital is working to increase its asset
base, generate revenue, and begin execution of its joint venture
agreement to remove and process up to 170,000 tons of surface head
ore from our partner mine in Eastern Washington. The newly
acquired equipment positions us to start towards production in
2013."
For more information about CGrowth Capital, visit their website:
http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for
businesses and assets focused on all aspects of mining. The
processing of metal ore mining is a multi-billion dollar market
opportunity which is capitalized through processing, sales,
contracting and licensing of assets. CGrowth Capital's
services and solutions are designed to assist land owners with
monetizing undervalued assets by bringing commodities such as gold
and silver to market. CGrowth Capital will focus on acquiring or
"claiming" land assets, while also providing partners and
affiliates with management services, capital, contract management
and logistical services necessary for the successful execution of
mining operations.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby. The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management as well as assumptions made by and information currently
available to the Company or its management. When used in this
document, the words "anticipate," "estimate," "expect," "intend,"
"plans," "projects," and similar expressions, as they relate to the
Company or its management, are intended to identify forward-looking
statements. Such statements reflect the current view of the Company
regarding future events and are subject to certain risks,
uncertainties and assumptions, including the risks and
uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties. The
Company disclaims any obligation to update or revise any
forward-looking statements.
SOURCE CGrowth Capital, Inc.