CGrowth Capital Provides Update and Confirms Funding on Corporate Bond
March 29 2016 - 10:00AM
Access Wire
SILVERDALE, WA / ACCESSWIRE / March 29, 2016 /
CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased
to announce that its wholly owned subsidiary CGrowth Capital Bond,
Ltd. has received initial subscriptions of its £15,000,000.00
British Pounds Sterling ("GBP") bond offering in the amount of
£7,300,000.00 GBP. The Company's subsidiary has successfully
completed and received the subscriptions and is working towards
fulfillment of the remainder of the bond offering.
The bonds subscribed include £4,100,000.00 GBP in cash (or ~$
5,700,000.00 USD gross proceeds), a note receivable in the amount
of £1,900,000.00 GBP, and equity in the amount of £1,300,000.00
GBP. Funding from the bond subscriptions are being used to finance
the three (3) bond projects, including the Company's Powder River
basin oil and gas project in Wyoming.
"We are elated to make this announcement!" stated Bill Wright,
CEO of CGrowth Capital, Inc. "This is an important milestone and we
are not looking back."
The Company's subsidiary, Powder River Resources, Inc.'s proven
and probable oil reserves, which management estimates to be
$250,000,000.00, is the focus of the funding. Powder River
Resources, Inc. and CGrowth Capital Bond Ltd. have an umbrella
policy of $10,000,000.00 covering the project.
For more information about CGrowth Capital Bond Ltd. visit:
http://CGrowthCapitalBond.com.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as an
alternative asset management company for businesses and assets
focused on all aspects of mining, minerals, exploration, and
commercial real estate. The processing of metal ore mining, mineral
and specialty rock extraction, as well as oil and gas production,
are multi-billion dollar market opportunities which is capitalized
on 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, silver, oil and gas, and dolomite to
market. CGrowth Capital will focus on acquiring land assets, while
also providing partners and affiliates with management services,
capital, contract management and logistical services necessary for
the successful execution of operations.
For more information and updates about CGrowth Capital, visit
their website or Facebook page:
http://www.CGrowthCapital.com
https://www.facebook.com/CGrowthCapital
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.
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