CGrowth Capital, Inc. Releases Details of Joint Venture Bond Offering
23 March 2016 - 3:30AM
Access Wire
SILVERDALE, WA / ACCESSWIRE / March 22, 2016 /
CGrowth Capital, Inc. (PINKSHEETS: CGRA) (the "Company") is pleased
to officially release details of the Company's Joint Venture Bond
offering in the United Kingdom. The bonding company,
registered under CGrowth Capital Bond Ltd., is a wholly owned
subsidiary of the Company and will be treated as such under the
Company's consolidated financial statements. The initial offering
of the bond is for £15,000,000.00 British Pounds Sterling, with net
proceeds distributed to the three Joint Venture projects -
including the Company's Powder River Basin oil and gas project.
"Navigating in today's investment environment is not always an
easy task and it can change overnight," stated Bill Wright, CEO of
CGrowth Capital, Inc. "We are now seeing the investment of time,
capital, and diligent effort by many culminating in the delivery of
a tremendous financing opportunity for the Company. We are
pleased that we will be able to perform the work that we set out
over two years ago to undertake and turn a relatively fragmented
oil field into a significant asset with tangible revenue
streams."
A major component in presenting the bond to the investment
community is the recent addition of an umbrella insurance policy
covering the projects and capital investments. The policy,
structured by a leading global provider of risk management and
insurance coverage, provides cover for project assets, revenue
stream(s), and project liabilities. The Company's coverage
contribution to the bond is $10,000,000.00 - lending additional
third party validation of its assets.
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
assets for maximum value within the legally developing cannabis
industry 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.
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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