Business
CGrowth Capital, Inc. Provides Update and Confirms Funding on Corporate Bond
CGrowth Capital, Inc. Provides Update and Confirms Funding on Corporate Bond.
About this update from Cgrowth Capital, Inc.
[{"type":"text","content":"\n \n Normal\n 0\n \n \n \n \n false\n false\n false\n \n EN-US\n X-NONE\n X-NONE\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \nSILVERDALE,\nWA / ACCESSWIRE / March 29, 2016 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the\n\"Company\") is pleased to announce that its wholly owned subsidiary\nCGrowth Capital Bond, Ltd. has received initial subscriptions of its £15,000,000.00 British Pounds\nSterling (“GBP”) bond offering in the amount of £7,300,000.00 GBP. \nThe Company’s subsidiary has successfully completed and received the\nsubscriptions and is working towards fulfillment of the remainder of the bond\noffering.\n\n\n\nThe bonds\nsubscribed include £4,100,000.00\nGBP in cash (or ~$ 5,700,000.00 USD gross proceeds), a note receivable in the\namount of £1,900,000.00\nGBP, and equity in the amount of £1,300,000.00 GBP. \nFunding from the bond subscriptions are being used to finance the three\n(3) bond projects, including the Company’s Powder River basin oil and gas project\nin Wyoming. \n\n\n\n“We are elated\nto make this announcement!” stated Bill Wright, CEO of CGrowth Capital, Inc. “This\nis an important milestone and we are not looking back.” \n\n\n\nThe\nCompany’s subsidiary, Powder River Resources, Inc.’s proven and probable oil\nreserves, which management estimates to be $250,000,000.00, is the focus of the\nfunding. Powder River Resources, Inc.\nand CGrowth Capital Bond Ltd. have an umbrella policy of $10,000,000.00\ncovering the project. \n\n\n\nFor more\ninformation about CGrowth Capital Bond Ltd. visit: http://CGrowthCapitalBond.com\n\n\n\nAbout CGrowth\nCapital, Inc.: \n\nCGrowth Capital, Inc. The Company continues to serve as an\nalternative asset management company for businesses and assets focused on all\naspects of mining, minerals, exploration, and commercial real estate. The\nprocessing of metal ore mining, mineral and specialty rock extraction, as well\nas oil and gas production, are multi-billion dollar market opportunities which\nis capitalized on through processing, sales, contracting and licensing of\nassets. CGrowth Capital’s services and solutions are designed to assist land\nowners with monetizing undervalued assets by bringing commodities such as gold,\nsilver, oil and gas, and dolomite to market. CGrowth Capital will focus on\nacquiring...