CGrowth Capital, Inc. Contracts for Survey Work and Reporting on Dolomite Reserve
SILVERDALE, WA / ACCESSWIRE / May 12, 2015 / CGrowth Capital, Inc. (PINKSHEETS:CGRA) (the "Company"
is pleased to announce they have contracted with N.L. Olson and Associates, a Professional Engineering firm with 40 years experience, to survey, test, document, and report on the Company's Magnesium Dolomite quantities and values. Additionally, the Company has established a relationship with a third party Licensed Professional Engineer who meets the requirements of a "qualified person" as set out in National Instrument 43-101 ("NI 43-101" and is qualified to issue a Competent Person's Report ("CPR" that meets the Securities and Exchange Commission's ("SEC" standards for quantifying and valuing reserve assets. The Company intends to utilize the data collected by the engineering firm and certified by the "qualified person" to substantiate assets on its balance sheet and leverage those assets as collateral for funding and executing on its business plan.
Bill Wright, CGrowth Capital's CEO stated, "This is an exciting next step for the Company. We have been working though the best options for us to utilize our Magnesium Dolomite reserve and are confident this will provide us with the cornerstone to financing and further execution of our ongoing business initiatives. By utilizing asset backed financing, rather than equity based, we will be able to build the business and shareholder value, while avoiding significant dilution of our stock."
Mr. Wright continued, "Having secured a diverse asset base over the past couple of years, we are now focused on driving revenues both intrinsically and through business partnerships. As an example, leveraging our warehouse assets in Eastern Washington, we have been able to move into the recently legalized cannabis market in Washington state initially as a landlord. Details of that lease, and further business opportunities, should be released by week's end. Moving forward, we expect that our substantial asset base, revenue growth, and diverse market segments, will set us apart within the investment community."
Starting today, May 12, 2015, the surveyors will perform all necessary duties to report on the quantity (and valuation) of Dolomite within the boundaries of the 1,100 acres of Mineral Rights that the Company owns in North Stevens County. While surveying, the geologist will take samples, perform lab tests, and put a market value on the quantified Magnesium Dolomite, leading to the completion of a Competent Person's Report for the Company. The report is expected to be completed by late spring or early summer.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as a holding 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 are capitalized on through the processing, sales, contracting and licensing of Company owned assets. CGrowth Capital's services and solutions are designed to assist landowners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, dolomite, and terrazzo to market. CGrowth Capital continues to focus on acquiring additional land assets, while also providing partners and affiliates with management services, capital funding, 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 about CGrowth Capital, visit their website:http://www.CGrowthCapital.com.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
SILVERDALE, WA / ACCESSWIRE / May 12, 2015 / CGrowth Capital, Inc. (PINKSHEETS:CGRA) (the "Company"
is pleased to announce they have contracted with N.L. Olson and Associates, a Professional Engineering firm with 40 years experience, to survey, test, document, and report on the Company's Magnesium Dolomite quantities and values. Additionally, the Company has established a relationship with a third party Licensed Professional Engineer who meets the requirements of a "qualified person" as set out in National Instrument 43-101 ("NI 43-101" and is qualified to issue a Competent Person's Report ("CPR" that meets the Securities and Exchange Commission's ("SEC" standards for quantifying and valuing reserve assets. The Company intends to utilize the data collected by the engineering firm and certified by the "qualified person" to substantiate assets on its balance sheet and leverage those assets as collateral for funding and executing on its business plan. Bill Wright, CGrowth Capital's CEO stated, "This is an exciting next step for the Company. We have been working though the best options for us to utilize our Magnesium Dolomite reserve and are confident this will provide us with the cornerstone to financing and further execution of our ongoing business initiatives. By utilizing asset backed financing, rather than equity based, we will be able to build the business and shareholder value, while avoiding significant dilution of our stock."
Mr. Wright continued, "Having secured a diverse asset base over the past couple of years, we are now focused on driving revenues both intrinsically and through business partnerships. As an example, leveraging our warehouse assets in Eastern Washington, we have been able to move into the recently legalized cannabis market in Washington state initially as a landlord. Details of that lease, and further business opportunities, should be released by week's end. Moving forward, we expect that our substantial asset base, revenue growth, and diverse market segments, will set us apart within the investment community."
Starting today, May 12, 2015, the surveyors will perform all necessary duties to report on the quantity (and valuation) of Dolomite within the boundaries of the 1,100 acres of Mineral Rights that the Company owns in North Stevens County. While surveying, the geologist will take samples, perform lab tests, and put a market value on the quantified Magnesium Dolomite, leading to the completion of a Competent Person's Report for the Company. The report is expected to be completed by late spring or early summer.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as a holding 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 are capitalized on through the processing, sales, contracting and licensing of Company owned assets. CGrowth Capital's services and solutions are designed to assist landowners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, dolomite, and terrazzo to market. CGrowth Capital continues to focus on acquiring additional land assets, while also providing partners and affiliates with management services, capital funding, 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 about CGrowth Capital, visit their website:http://www.CGrowthCapital.com.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
