$CGRA at these prices a very interesting Bounce pl
Post# of 40253
Posted On: 08/13/2015 11:09:07 AM
$CGRA at these prices a very interesting Bounce play!!
I speculated on this early on last year, IT HAS NOW BECOME TRUE for CGRA
CGrowth Capital, Inc. Closes Escrow on Industrial Processing Site
Transaction Includes 20-Year Lease on Highly Desirable Minerals
SILVERDALE, WA-- CGrowth Capital, Inc. (OTC Pink: CGRA) (PINKSHEETS: CGRA) (the "Company"
is pleased to announce that it has closed escrow on a 47 acre industrial processing site in Stevens County, Washington. The property includes three tax parcels with 93,000 sq. ft. of industrial buildings, a 3,000 sq. ft. office, 600,000 sq. ft. of impervious surface, on site water systems, three phase power to all buildings, an evaporation pond and tailings pond, 19 acres of farm field open space for future product testing, and its own rail spur and rail scale house on the property. The Company is already performing specific enhancements and improvements to the property for its operations.
In addition to the industrial site, the Company also closed concurrently on a 20-year Mineral Lease that covers specialty items such as dolomite, terrazzo, silica, and all facets of construction, specialty, and agricultural rock. The lease includes 14 separately identified parcels, over 1,100 acres of land, and an estimated 300,000,000 tons of material. A valuation on the total lease value has yet to be determined.
"We feel like we just drafted a future hall of fame quarterback," stated an ecstatic Bill Wright, CEO of CGrowth Capital, Inc. "We may have a ways to go before we win a championship, but we just picked up a major asset to get us there!"
Mr. Wright continued, "The mineral leases that we acquired include a variety of colored rock and silica, along with the prized white dolomite. Dolomite and calcium carbonate is used in many different market segments, such as paper, polymers, building materials, and life science applications -- including pharmaceuticals and agriculture -- just to name a few. Even prior to closing the transaction we had buyers inquiring and purchasing the products."
"We are now fully geared and currently in talks with many agricultural companies to supply them with dolomite. With the boom in the medical cannabis market and the recent legalization of recreational cannabis in some western states, we are positioning ourselves within the infrastructure of the business to provide legalized farming operations and growers with the dolomite needed for their soil enhancement. There are many uses for dolomite within the farming subdivision but to add the use of dolomite as a soil enhancement to legal cannabis growers, we are now positioned to aggressively pursue business in that sector and expect business to ramp up at a steady pace as acceptance spreads throughout the United States."
The real estate purchase transaction was closed under a wholly owned limited liability company, along with a promissory note secured by a Deed of Trust. The Mineral Lease is based on a royalty payment. The Company pays the Lessor a per ton price for the variety of the assets removed from the quarries. The Mineral Lease requires a minimum royalty payment per year beginning January 1, 2015.
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
I speculated on this early on last year, IT HAS NOW BECOME TRUE for CGRA
CGrowth Capital, Inc. Closes Escrow on Industrial Processing Site
Transaction Includes 20-Year Lease on Highly Desirable Minerals
SILVERDALE, WA-- CGrowth Capital, Inc. (OTC Pink: CGRA) (PINKSHEETS: CGRA) (the "Company"
is pleased to announce that it has closed escrow on a 47 acre industrial processing site in Stevens County, Washington. The property includes three tax parcels with 93,000 sq. ft. of industrial buildings, a 3,000 sq. ft. office, 600,000 sq. ft. of impervious surface, on site water systems, three phase power to all buildings, an evaporation pond and tailings pond, 19 acres of farm field open space for future product testing, and its own rail spur and rail scale house on the property. The Company is already performing specific enhancements and improvements to the property for its operations. In addition to the industrial site, the Company also closed concurrently on a 20-year Mineral Lease that covers specialty items such as dolomite, terrazzo, silica, and all facets of construction, specialty, and agricultural rock. The lease includes 14 separately identified parcels, over 1,100 acres of land, and an estimated 300,000,000 tons of material. A valuation on the total lease value has yet to be determined.
"We feel like we just drafted a future hall of fame quarterback," stated an ecstatic Bill Wright, CEO of CGrowth Capital, Inc. "We may have a ways to go before we win a championship, but we just picked up a major asset to get us there!"
Mr. Wright continued, "The mineral leases that we acquired include a variety of colored rock and silica, along with the prized white dolomite. Dolomite and calcium carbonate is used in many different market segments, such as paper, polymers, building materials, and life science applications -- including pharmaceuticals and agriculture -- just to name a few. Even prior to closing the transaction we had buyers inquiring and purchasing the products."
"We are now fully geared and currently in talks with many agricultural companies to supply them with dolomite. With the boom in the medical cannabis market and the recent legalization of recreational cannabis in some western states, we are positioning ourselves within the infrastructure of the business to provide legalized farming operations and growers with the dolomite needed for their soil enhancement. There are many uses for dolomite within the farming subdivision but to add the use of dolomite as a soil enhancement to legal cannabis growers, we are now positioned to aggressively pursue business in that sector and expect business to ramp up at a steady pace as acceptance spreads throughout the United States."
The real estate purchase transaction was closed under a wholly owned limited liability company, along with a promissory note secured by a Deed of Trust. The Mineral Lease is based on a royalty payment. The Company pays the Lessor a per ton price for the variety of the assets removed from the quarries. The Mineral Lease requires a minimum royalty payment per year beginning January 1, 2015.
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
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1️⃣I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
3️⃣I will not and cannot be held liable for any actions you take as a result of anything you read here.
4️⃣Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
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