SILVERDALE, Wash., March 8, 2013 /PRNewswire/ -- CGrowth
Capital, Inc. (Pink Sheets: CGRA) (the "Company") is pleased to
announce that it has completed its second purchase and acquisition
of additional major pieces of equipment. This purchase was
necessary for the processing of raw ore and crushing it to create
concentrates.
The purchase includes two (2) Stutenroth Crushing Mills, a Helix
Spiral Cleaner, a CAT 416 Backhoe, a CAT 311 Excavator, two (2)
dump trucks and other miscellaneous related equipment. The
components play a vital role in preparing the raw ore for its
processing and removal from the mountain. The total asset
value of the purchase is $133,600 and
was paid for with a cash deposit of $7,600, 1,000 shares of restricted Series A
preferred stock, and a note in the amount of approximately
$116,000. The note carries an
interest rate of 6.35%.
"As you can see we are not sitting idle," said Bill Wright, CEO of CGrowth Capital, Inc.
"We set out this year to begin production and we are delivering on
that promise. This purchase follows on our previous
announcement of strategic equipment purchases to begin
production. We are getting excited to start putting people to
work in the local community."
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.