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CGrowth Capital, Inc. Achieves Benchmark on Contract for Hire
CGrowth Capital, Inc. Achieves Benchmark on Contract for Hire.
About this update from Cgrowth Capital, Inc.
[{"type":"text","content":"\n \n \n CGrowth Capital, Inc. Achieves Benchmark on Contract for Hire\n \n \nCGrowth Capital, Inc. Achieves Benchmark on Contract for Hire\n\nCompany Prepares to Open Escrow on Industrial Site\n\n \n SILVERDALE, WA--(Marketwired - Dec 4, 2013) - CGrowth Capital, Inc. (OTC Pink: CGRA) (the \"Company\") is pleased to announce that it has completed the first third of the Contract for Hire Agreement (the \"Contract\") to provide for site cleanup, inventory cataloging, and asset liquidation of specified tools, equipment, and buildings on a 47 acre industrial site as well as another industrial site owned by the asset holder. As announced previously, the Company is overseeing the liquidation and site cleanups through its partner, Cedar Canyon Mining Corp. and a representative of the asset holders. The milestone in the Contract now allows the Company to open escrow on the 47 acre industrial site -- having exceeded the required $86,000 in escrow funds needed as a down payment to execute and close the real estate purchase and sale agreements.\n \"We could not be more pleased about the progress being made in Eastern Washington,\" stated Bill Wright, CEO of CGrowth Capital, Inc. \"A lot of ground work has been laid over the past year and to finally see things coming together is exciting for all of us. The company is producing strong revenues, securing a home for its mineral processing, and is increasing its physical asset base -- we are very proud of the accomplishments and hard work being put forth.\"\n The characteristics of the 47 acre industrial property include several warehouse buildings, an office, tailings ponds, open space, and a rail line on the property. Through November the Company and its partner have performed on time and on schedule -- generating over $217,000 in gross sales under the Contract with $143,663 in revenue to the Company. The Company is also preparing for its first delivery of processed dolomite to an agricultural buyer in the area for soil amendment. The deliveries are set to take place during the month of December.\n For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com \n About CGrowth Capital, Inc.:\n CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration...