CGrowth Capital, Inc. CEO Letter to Shareholders
SILVERDALE, Wash., Jan. 3, 2013 /PRNewswire/ -- CGrowth
Capital, Inc. (Pink Sheets: CGRA) (the "Company"), Bill Wright, CEO is pleased to address all
current and possible future shareholders of the Company.
I would like to take this time to present the Company's goals
and objectives for 2013.
The Board of Directors of the Company is currently engaged in
talks with several potential candidates to join the Board.
These candidates bring with them decades of mining and business
experience. Updates and additions will be announced in the coming
months.
Shareholder value will be the key element in our decision making
process. Therefore in 2013 the Company will be implementing a stock
retirement and lockup plan with the goal of reducing our
outstanding shares and reducing our float. The details of such will
be announced once the plan has been formulated and approved by the
Board of Directors.
CGrowth Capital is always looking for ways to maximize revenues
while reducing expenditures, such as our outsourcing of operations
to Cedar Canyon Mining Corp. This model of operation will continue
in 2013, as the company is in negotiations for additional joint
ventures. The results of these negotiations will be announced as
they are completed.
Moving forward, we will begin the necessary steps to
substantiate our asset base to SEC standards utilizing industry
recognized third party reports. This will enable us to
increase the assets on our balance sheet and begin providing future
projections based on these reports. In the meantime, we will
begin execution of our joint venture agreement with MRJ Resources,
which allows us to remove and process up to 170,000 tons of surface
head ore from our partner mine in Eastern
Washington. Preliminary third party assay reports on
samples of this material have shown an average of 24 ounces of
silver and 0.5 ounces of gold per ton of raw ore. Assuming
these assays are representative of the whole, the recovery rate
looks very promising.
As the company begins to realize revenues from our current
operations, we will act in a manner abiding by our fiduciary
responsibilities. Whether it is regarding the acquisition of
additional operations, new mine leases, land purchases or the
procurement of equipment, we will always seek ways to protect
shareholder value.
The company has set its sights on up listing to a higher OTC
market level as our operations permit. We will also seek the
benefits of dual listing on exchanges more suited to mining
operations. It is our hopes that we will be able to begin
this process during the 4th quarter of 2013, once our other
endeavors have been successfully initiated.
In closing, let me thank you, our shareholders, and assure you
that 2013 is going to be an exciting year for CGrowth Capital.
Best regards,
Bill Wright, CEO
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.