The Company increased and renewed its bond offering in the
United Kingdom to £30,000,000 British Pound Sterling -- releasing
Bond Issue 2 Series 1v1 on November 9, 2016. The offering was
completed in conjunction with management's visit with the bond
administrator, and included meetings with strategic investment
groups and pension managers. With the deployment of funds
received through the Company's bond offering and the execution of
numerous business initiatives, the Company is looking ahead and
excited about closing out the year on high note and continuing the
momentum into 2017.
During the 3rd quarter, the Company's subsidiary, Powder River
Resources, has completed infrastructure improvements, well workover
programs, production and wellsite facility upgrades, and extensive
mapping and data collection on new drilling locations. The
extensive work is projected to result in oil and gas revenue
ramping up through the winter and continuing to build into 2017 and
beyond. As new drilling commences, and prior workovers come
online, the Company looks forward to a robust energy division.
The Company's real estate holdings under Chewelah Properties,
LLC is now posting significant leasing revenue as first phases of
construction have come to completion. The re-tooling of the
property has resulted in combined lease rates of $48 per square
foot (plus NNN charges) for the initial building completion of
8,000 sq. ft. The Company expects to continue bringing
additional square footage online during 2017 along with increases
in overall lease revenue.
Bill Wright, CEO of CGrowth Capital, Inc. stated, "We have a
robust, non-dilutive, thriving company. Revenues are now
beginning to post into our fourth quarter financials and we fully
expect these revenues to continuing growing. This has never
been an adventure with overnight success -- it has taken time,
patience, the right relationships, and a whole lot of work -- but
we are there now and revenues will continue to build as we expand
the facilities, properties, and leases under our control."
The Company continues to make progress on completing its
domestic audits in preparation for uplisting to a higher
exchange. In addition, management met with auditors in the
United Kingdom to ensure smooth transition of data between all
groups. Additional information will be provided on this subject as
further developments are made.
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 and across the United
States.
For more information and updates about CGrowth Capital and its
subsidiaries, visit their websites or Facebook pages:
http://www.CGrowthCapital.com
http://CGrowthCapitalBond.com
https://www.facebook.com/CGrowthCapital
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.