CGrowth Capital Increases Bond Offering to £30,000,000 to Meet Demand

SILVERDALE, WA / ACCESSWIRE / July 15, 2016 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce that its wholly owned subsidiary, CGrowth Capital Bond, Ltd., has amended its Bond offering in the United Kingdom to £30,000,000 British Pounds Sterling (~$40,000,000 USD). The Company's decision to increase the Bond followed recent long term interest and commitment by third-parties to fund beyond the initial offering. Details of the amended Bond Issue 1 Series 1 v2.0 will be released shortly under http://CGrowthCapitalBond.com following required administrative procedures.

"We are extremely pleased with the results that we are seeing from the bond offering," stated Bill Wright, CEO of CGrowth Capital, Inc. "With long term commitments to fund beyond our initial target, we are now able to plan for additional growth well into 2017, evaluate new business and asset opportunities, and take advantage undervalued assets that our currently producing cash flow."

Mr. Wright continued, "We stated from the beginning that this was not a sprint, but a marathon, and we are continuing to build and push forward. We are committed to maintaining our cap structure, which has not changed in over nine-months. We are working diligently on completing audits and building our team in anticipation of uplisting. We have structured financing to be non-dilutive and put contracts in place to limit any redemption in the short term. And we are extremely excited about the progress being made on our two primary project, which we will be providing updates in the coming days and weeks."

To date, CGrowth Capital Bond Ltd. has issued bonds totaling nearly £12,000,000 British Pounds Sterling (~$16,000,000 USD) in exchange for cash and other assets. In turn, the Company's oil and gas project, held under Powder River Resources, has received funding to advance its business in Wyoming.

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. Through wholly owned subsidiaries, the Company has begun to strategically leverage real estate assets for maximum value within newly developing industries currently underway in Washington State.

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.
360-536-4500

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.

CGrowth Capital (PK) (USOTC:CGRA)
Historical Stock Chart
From Mar 2024 to Apr 2024