CGrowth Capital Provides Update and Confirms Fundi
Post# of 489
Posted On: 03/30/2016 8:38:10 AM
CGrowth Capital Provides Update and Confirms Funding on Corporate Bond
SILVERDALE, WA / ACCESSWIRE / March 29, 2016 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company"
is pleased to announce that its wholly owned subsidiary CGrowth Capital Bond, Ltd. has received initial subscriptions of its £15,000,000.00 British Pounds Sterling ("GBP" bond offering in the amount of £7,300,000.00 GBP. The Company's subsidiary has successfully completed and received the subscriptions and is working towards fulfillment of the remainder of the bond offering.
The bonds subscribed include £4,100,000.00 GBP in cash (or ~$ 5,700,000.00 USD gross proceeds), a note receivable in the amount of £1,900,000.00 GBP, and equity in the amount of £1,300,000.00 GBP. Funding from the bond subscriptions are being used to finance the three (3) bond projects, including the Company's Powder River basin oil and gas project in Wyoming.
"We are elated to make this announcement!" stated Bill Wright, CEO of CGrowth Capital, Inc. "This is an important milestone and we are not looking back."
The Company's subsidiary, Powder River Resources, Inc.'s proven and probable oil reserves, which management estimates to be $250,000,000.00, is the focus of the funding. Powder River Resources, Inc. and CGrowth Capital Bond Ltd. have an umbrella policy of $10,000,000.00 covering the project.
For more information about CGrowth Capital Bond Ltd. visit: http://CGrowthCapitalBond.com.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as an alternative asset management company for businesses and assets focused on all aspects of mining, minerals, exploration, and commercial real estate. The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion dollar market opportunities which is capitalized on through processing, sales, contracting and licensing of assets. CGrowth Capital's services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, and dolomite to market. CGrowth Capital will focus on acquiring land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of operations.
For more information and updates about CGrowth Capital, visit their website or Facebook page:
http://www.CGrowthCapital.com
https://www.facebook.com/CGrowthCapital
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
https://finance.yahoo.com/news/cgrowth-capita...00830.html
SILVERDALE, WA / ACCESSWIRE / March 29, 2016 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company"
is pleased to announce that its wholly owned subsidiary CGrowth Capital Bond, Ltd. has received initial subscriptions of its £15,000,000.00 British Pounds Sterling ("GBP" bond offering in the amount of £7,300,000.00 GBP. The Company's subsidiary has successfully completed and received the subscriptions and is working towards fulfillment of the remainder of the bond offering. The bonds subscribed include £4,100,000.00 GBP in cash (or ~$ 5,700,000.00 USD gross proceeds), a note receivable in the amount of £1,900,000.00 GBP, and equity in the amount of £1,300,000.00 GBP. Funding from the bond subscriptions are being used to finance the three (3) bond projects, including the Company's Powder River basin oil and gas project in Wyoming.
"We are elated to make this announcement!" stated Bill Wright, CEO of CGrowth Capital, Inc. "This is an important milestone and we are not looking back."
The Company's subsidiary, Powder River Resources, Inc.'s proven and probable oil reserves, which management estimates to be $250,000,000.00, is the focus of the funding. Powder River Resources, Inc. and CGrowth Capital Bond Ltd. have an umbrella policy of $10,000,000.00 covering the project.
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.
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
https://finance.yahoo.com/news/cgrowth-capita...00830.html
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