CGRA News 12/27/2016 - 0.01713
Post# of 273249
Posted On: 12/27/2016 1:08:46 PM
CGrowth Capital, Inc. $CGRA News
Last updated 12/27/2016 - 0.01713
CGrowth Capital Poised to Breakout in Q4
Nov 16, 2016
OTC Disclosure & News Service
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CGrowth Capital Poised to Breakout in Q4
SILVERDALE, WA--(Marketwired - Nov 16, 2016) - CGrowth Capital, Inc. (OTC PINK: CGRA) (the "Company"
is pleased to report the filing of the Company's consolidated 3rd Quarter financials for the period ended September 30, 2016. Total Assets increased 13.2% over the prior quarter to nearly $25,000,000. The Company's share structure remained unchanged for the 12th consecutive month, as the Company remains committed to developing its business plan without the issuance of stock.
The Company increased and renewed its bond offering in the United Kingdom to £30,000,000 British Pound Sterling -- releasing Bond Issue 2 Series 1v1 on November 9, 2016. The offering was completed in conjunction with management's visit with the bond administrator, and included meetings with strategic investment groups and pension managers. With the deployment of funds received through the Company's bond offering and the execution of numerous business initiatives, the Company is looking ahead and excited about closing out the year on high note and continuing the momentum into 2017.
During the 3rd quarter, the Company's subsidiary, Powder River Resources, has completed infrastructure improvements, well workover programs, production and wellsite facility upgrades, and extensive mapping and data collection on new drilling locations. The extensive work is projected to result in oil and gas revenue ramping up through the winter and continuing to build into 2017 and beyond. As new drilling commences, and prior workovers come online, the Company looks forward to a robust energy division.
The Company's real estate holdings under Chewelah Properties, LLC is now posting significant leasing revenue as first phases of construction have come to completion. The re-tooling of the property has resulted in combined lease rates of $48 per square foot (plus NNN charges) for the initial building completion of 8,000 sq. ft. The Company expects to continue bringing additional square footage online during 2017 along with increases in overall lease revenue.
Bill Wright, CEO of CGrowth Capital, Inc. stated, "We have a robust, non-dilutive, thriving company. Revenues are now beginning to post into our fourth quarter financials and we fully expect these revenues to continuing growing. This has never been an adventure with overnight success -- it has taken time, patience, the right relationships, and a whole lot of work -- but we are there now and revenues will continue to build as we expand the facilities, properties, and leases under our control."
The Company continues to make progress on completing its domestic audits in preparation for uplisting to a higher exchange. In addition, management met with auditors in the United Kingdom to ensure smooth transition of data between all groups. Additional information will be provided on this subject as further developments are made.
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. Through wholly owned subsidiaries, the Company has begun to strategically leverage real estate assets for maximum value within newly developing industries currently underway in Washington State and across the United States.
For more information and updates about CGrowth Capital and its subsidiaries, visit their websites or Facebook pages:
http://www.CGrowthCapital.com
http://CGrowthCapitalBond.com
https://www.facebook.com/CGrowthCapital
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
360-536-4500
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital to Bank Lease Revenues on Wildfire's Harvest
Oct 28, 2016
OTC Disclosure & News Service
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CGrowth Capital to Bank Lease Revenues on Wildfire's Harvest
Company announces lease revenues from its tenant, Wildfire Cannabis, scheduled for posting November 2016, following exceptional harvest
SILVERDALE, WA--(Marketwired - Oct 28, 2016) - CGrowth Capital, Inc. (OTC PINK: CGRA) (the "Company" is pleased to report initial lease revenues from its tenant, Wildfire Cannabis, are scheduled for posting on November 1, 2016, following a blockbuster performance and outdoor harvest yield by its first fully licensed tenant. Furthermore, the Company is pleased to provide investors with a report on its latest site visit to the Company's manufacturing and processing facility in Chewelah, Washington. The Company is providing turnkey commercial leases to tenants at its Washington state location where the state has legalized cannabis. Based on initial success, expansion of both indoor and outdoor operations is inevitable.
Bill Wright, CEO of CGrowth Capital, Inc., stated, "We have been working on this leasing structure and relationships for over 18 months and that diligence and patience is now paying off. While others in this new market space are spending their time telling people what they can do, we have rolled up our sleeves and executed on what we said we would do -- a first to market. This is not an adventure with overnight success -- it takes time, patience, the right relationships, and a whole lot of work -- but we are there now and revenues will continue to build as we expand the facilities and properties under our control."
The site visit to the property and concurrent visit with Wildfire management revealed the following progress:
Lease Payments Confirmed: Wildfire confirmed that it would be paying rent beginning November 1, 2016, at an escalated rate to account for rent accruals prior to production as well as triple net and capital cost to the facilities.
Property Development -- Phase I -- 80% complete: Of the 8,000 sq. ft. initial building, 80% of the rooms have been completed and are now operational, including full buildout, electrical, plumbing, HVAC, and security.
CO2 Extraction -- Phase I-B: The Company procured two coveted CO2 oil extraction machines and will be leasing this highly sought after equipment to its tenant -- adding to the current revenue stream. County permits are complete and we are awaiting state inspection and approval with Wildfire. The Company expects this phase to be completed by the end of November 2016.
Property Development -- Phase II: Plans are completed for the improvement of an existing 8,000 sq. ft. building south of Phase I building. This building will include primary processing and a full commercial kitchen. Work is scheduled to begin prior to the end of the year.
Property Development -- Phase III: Plans are being developed for a 22,000 sq. ft. building for extended grow rooms and overall mechanical for the site. The Company is planning on breaking ground on this new building in early 2017.
Additional information will be provided on further development at the site as agreements are completed. This includes discussions with existing tenants and additional interested parties.
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. Through wholly owned subsidiaries, the Company has begun to strategically leverage real estate assets for maximum value within newly developing industries currently underway in Washington State and across the United States.
For more information and updates about CGrowth Capital and its subsidiaries, visit their websites or Facebook pages:
http://www.CGrowthCapital.com
http://CGrowthCapitalBond.com
https://www.facebook.com/CGrowthCapital
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
360-536-4500
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital Provides Update on Oil Field Work
Oct 26, 2016
OTC Disclosure & News Service
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CGrowth Capital Provides Update on Oil Field Work
SILVERDALE, WA--(Marketwired - Oct 26, 2016) - CGrowth Capital, Inc. (OTC PINK: CGRA) (the "Company" is pleased to provide investors with progress made during the 2nd and 3rd quarters of 2016 at its Powder River Resources oil field in Wyoming (as detailed below). In addition to the extensive workover program, the Company's contractors are currently mobilizing in preparation for drilling their first new well (details expected by mid-November). As the price of crude continues to climb, the Company is well positioned to take advantage of opportunities in the industry and deploy capital with positive ROI.
Furthermore, the Company will release significant progress and information related to its Chewelah, Washington facility following site inspections this week. The Company is also pleased to remind investors of our stance against dilution (with no new shares issued in 2016) which has been made possible through our £30,000,000 GPB bond offering in the UK.
Infrastructure Improvements
Substantial infrastructure, road and well pad improvements were planned and carried out over the summer. A Road Grader, Backhoe and service truck were acquired and utilized to grade and rock roads into the centralized production facility for a number of the wells. Lease roads to the producing wells, and wells slated for workover and resumption of production, were bladed, rocked in places, culverts and erosion control installed, and otherwise brought up to standard. We believe these improvements will help us to avoid shut-in events; maintain access for continuous and consistent production; as well as allow production through most, if not all, of the winter months.
Well Workover Program
Early in the summer a regimen of field testing and well assessment was developed to identify the wells that would most benefit from workover and increase production. Study of the specific well histories and physical inspection we high graded 16 wells that would be the most likely to enhance production after workover. A number of the wells were identified as P&A candidates to be scheduled out over the next few years, and as well we have identified several existing wells that are candidates for re-completion in shallower formations.
During August and September, 12 of those 16 wells have been worked over with cleanouts, replacement of the pumps, and repair or replacement of rods and tubing as necessary, and swabbing to assess and enhance production potential. We hope to complete workover of the remaining four wells before winter sets in. The wells are now in various stages of being placed back into production. Many of these wells had been shut in for months and even years and we should be seeing incrementally increasing production in the coming months as we complete the surface facility repairs in the coming weeks.
Production and Wellsite Facilities and Infrastructure
As the workover program progressed, the production and wellsite facilities were inspected and reviewed for safety, need of repair, and opportunities for savings in operating costs. The Bison Production Battery was repaired and brought back to safe and efficient production. The treater building is being repaired and prepared for operation in the winter months. Electrical service has been or is in process of repair or installation at several of the wells worked over. Flow lines at two of the wells are being replaced so the wells can be brought online. Tanks at many of the production facilities and wells have been cleaned and inspected, water and contaminants cleaned out. Little Joe regulators have been installed on certain of the wells to maximize use of free gas from the wells and minimize use of costly propane for operations. We expect that the remaining repairs will be complete by the end of this month, or early the next.
Chemical Treatment Program Under Development
As the wells were worked over it became clear that many of them would benefit from chemical enhancement to mitigate conditions inhibiting production. Paraffin and scale have been identified in many of the wells. The company's pumpers and consultants are in process of developing a cost effective and simple chemical treatment regimen for the appropriate wells that will enable consistent and trouble free production. In some cases we believe these treatments can even increase the daily production over an extended period. As a new and consistent baseline of production is established for the wells with the workover and infrastructure improvements completed we will begin to apply the treatments and determine what provides the best ROI for the wells.
Geologic Data Collection and New Drilling Locations
A testing regimen incorporating a digital magneto-telluric technology developed by DMT Technologies of Broken Arrow Oklahoma, http://www.dmttechnologies.com/, was deployed to obtain new and detailed subsurface data concerning the leaseholds, and adjacent areas with potential for new production and acquisition. While full analysis and integration of the data is not yet complete, from the data so far our contractors have identified many specific, new drilling opportunities with high probability of success for shallow, inexpensive conventional vertical wells within and adjacent to the leaseholds. Upon completion of the analysis we will high grade the locations with the most potential for new production and reserves, and begin applying for drilling permits and planning the drilling of new wells in the summer months.
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. Through wholly owned subsidiaries, the Company has begun to strategically leverage real estate assets for maximum value within newly developing industries currently underway in Washington State.
For more information and updates about CGrowth Capital and its subsidiaries, visit their websites or Facebook pages:
http://www.CGrowthCapital.com
http://CGrowthCapitalBond.com
https://www.facebook.com/CGrowthCapital
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
CGrowth Capital, Inc.
Investor Inquiries:
360-536-4500
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Provides Update and Confirms Funding on Corporate Bond
Mar 29, 2016
OTC Disclosure & News Service
Silverdale, WA - 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
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Source: CGrowth Capital, Inc.
Copyright © 2016 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGROWTH CAPITAL, INC ENGAGES SIGUR CAPITAL, INC AS LEAD ADVISOR FOR INTERNATIONAL CAPITAL MARKETS
Dec 15, 2014
OTC Disclosure & News Service
Silverdale, WA - CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company" announced today that Sigur Capital has been engaged to act as the lead advisor to the Company. It is proposed that Sigur Capital ("Sigur" , working in close consultation with the Company and some of its existing advisers, will use all reasonable endeavors to assist the Company by providing the advisory service and introductions to its established pools of international capital.
Per the Engagement letter, Sigur will take on the role of bringing qualified accredited investment to CGrowth Capital. The financings contemplated, also achieved with the assistance of Sigur, will enable the Company to have access to more than adequate funding for the successful execution of its business plan.
Mandla Gwadiso, CEO, Sigur Capital, stated "We are honored to have gained the confidence of CGrowth Capital, Inc. and for them to allow us to represent them in the world of International Finance. I am looking very forward to being part of the growth of this early stage and exciting company."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
ABOUT SIGUR CAPITAL
Sigur Capital is a global investment bank that provides insight, expertise and execution to investors, companies and government entities. We offer deep sector expertise across a full range of products and services in investment banking, asset management and research & strategy throughout the globe. We understand the selection of a partner for such services is challenging and often one of the most important choices that a company or investor can make.
Sigur Capital Inc was formed in 2010 as a subsidiary company of Sigur Holdings Inc, in response to the consolidation of independent research boutiques by large commercial banks. Formed in the mold of its independent, research driven predecessors as a growth - oriented, entrepreneurial firm dedicated to serving the needs of public and private companies and institutions that invest in them. Headquartered in New York, Sigur Capital intends on being at the heart beat of the United States to provide its clients with a middle American flavor of service and commitment in compliance with all federal and state regulations.
Since the mid - 1990s nearly 50 regional investment banks have been acquired by major financial institutions. Such industry consolidation has pressured a new breed of bulge - bracket investment banks to compete for large market - capitalization clients and has greatly reduced Wall Street's focus on small to medium market. Many of Sigur Capital's senior professionals previously held ranking positions at leading investment banks, and this collective experience is reflected in the firm's results.
ABOUT CGROWTH CAPITAL:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. 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, dolomite, and terrazzo to market. CGrowth Capital will focus on acquiring or “claiming” land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Copyright © 2014 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Updates Shareholders on Successful Business Development Trip
Sep 15, 2014
OTC Disclosure & News Service
-
CGrowth Capital, Inc. Updates Shareholders on Successful Business Development Trip
SILVERDALE, WA--(Marketwired - Sep 15, 2014) - CGrowth Capital, Inc. (PINKSHEETS: CGRA) (the "Company" is pleased to announce that its CEO has recently returned from a successful trip to New York City to meet with funding groups and to discuss dolomite contracts with companies in the agricultural market. The reason for the trip was done with the express purpose of closing relationships established with high net worth investors and for introductions to larger funding groups. As part of the meeting process, the Company was also introduced to parties interested in the dolomite reserves that the Company acquired earlier this year.
"We have worked very hard over the summer to execute on several initiatives and this recent trip is the culmination of those efforts," stated Bill Wright, CEO of CGrowth Capital, Inc. "After closing on several oil and gas assets, and our prized dolomite reserve earlier in the spring, there was a mountain of work to put those assets into motion and begin presenting to individuals and funds with an interest in those spaces. All of that work is now starting to bear fruit."
Mr. Wright continued, "One of the strategies with our dolomite reserve has been to explore large block asset sales and joint ventures with companies in the agricultural space -- which includes companies exploring entry and/or expansion into the emerging cannabis market. We have engaged in discussions with four such groups over the past few months and believe it is just a matter of time before we strike the right deal. In the meantime, we continue to process and sell to currently established agricultural groups and will look to expand that operation and market as we close on funding."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. 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, dolominte, and terrazzo to market. CGrowth Capital will focus on acquiring or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Completes Final Piece to the Puzzle With Wyoming Oil Leases
Apr 21, 2014
OTC Disclosure & News Service
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CGrowth Capital, Inc. Completes Final Piece to the Puzzle With Wyoming Oil Leases
SILVERDALE, WA--(Marketwired - Apr 21, 2014) - CGrowth Capital, Inc. (OTC Pink: CGRA) (PINKSHEETS: CGRA) (the "Company" is pleased to announce that it has completed a Purchase and Sale Agreement ("PSA" for the remaining ~80% Working Interest in the assets and wells located on the Company's Wyoming oil leases. The acquisition includes 41 wells (some currently producing and some non-producing) along with the associated fixtures, pumps, and tanks for the current field operation on the leases located in the Powder River Basin. The Company closed the PSA through the assumption of certain debts of the seller. The purchase follows the closing of the valuable ground leases, along with the original ~20% Working Interest in a majority of the existing field operations, which occurred during the third quarter of 2013.
The acquisition now provides the Company with control of the field operations, allows them to provide direction and prioritization of the field development, and gives the Company nearly 100% Working Interest in the oil production from the fields. The Company has significantly increased its revenue potential in the field by increasing its overall Working Interest from ~20% to nearly 100%.
"We were not anticipating this opportunity to present itself to us, but when the call came in that the majority Working Interest was available, we delivered again and jumped at the opportunity to provide shareholders with increased assets and revenues," stated Bill Wright, CEO of CGrowth Capital, Inc. "We now have control of what happens in the field, can make a much stronger presentation for funding opportunities, and we will see much greater asset appreciation and revenue realization as the field produces and we prove out reserves."
Mr. Wright continued, "As an example of what this can mean to the Company, we sent a tanker truck out to one of our storage tanks after the weather began to break and the first pull of oil was in excess of 200 barrels. One of the wells, one that is on the list for us to perform service on, produced 30 barrels the day we turned it back on. While it does not guarantee that result every day on every well, it does show that we are moving in the right direction and we have a tremendous revenue opportunity in front of us."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining. The processing of metal ore mining is a multi-billion dollar market opportunity which is capitalized 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 and silver to market. CGrowth Capital will focus on acquiring or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
CONTACT:
Investor Inquiries
CGrowth Capital, Inc.
888-218-2472
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Closes Escrow on Industrial Processing Site
Apr 09, 2014
OTC Disclosure & News Service
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CGrowth Capital, Inc. Closes Escrow on Industrial Processing Site
Transaction Includes 20-Year Lease on Highly Desirable Minerals
SILVERDALE, WA--(Marketwired - Apr 9, 2014) - 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
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. The processing of metal ore mining and oil and gas exploration both represent multi-billion dollar market opportunities which are capitalized 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 other minerals to market. CGrowth Capital will focus on acquiring, leasing, or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining exploration and operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Makes Advances in Mining Operations
Mar 25, 2014
OTC Disclosure & News Service
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CGrowth Capital, Inc. Makes Advances in Mining Operations
SILVERDALE, WA--(Marketwired - Mar 25, 2014) - CGrowth Capital, Inc. (PINKSHEETS: CGRA) (OTC Pink: CGRA) (the "Company" is pleased to announce that it has made advances in the progress towards processing of its silver ore material from the Deer Trail Mine in Eastern Washington. The Company has recently completed necessary work on its laydown yard, which is used for the staging and loading of ore for shipment. Improvements included the completion of road excavation, the distribution of over 700 yards of roadbed rock, and preparing the site for permanent weigh scales. In conjunction with improvements, the Company executed contracts with vendors for both the hauling and processing of the silver ore material in Montana.
The Company continues to work with investors and its mining partners, and is wrapping up the quarter by completing the extraction of 750 tons of its silver ore material to be used for a pilot test. The ore material has been delivered to the processor, and the Company expects processing to begin prior to the end of the month in Philipsburg, Montana. The Company expects to announce the results follow the processing and analysis by third parties.
"Winter is historically a tough time for surface mining, with many operations shut down until the spring thaw," said Bill Wright, CEO of CGrowth Capital, Inc. "However our team has not been deterred and has pressed forward with not only the small pieces of the puzzle, but has completed multiple projects and milestone to get our ore to the processing facility. Our laydown yard is in order and we have major contracts in place. Thanks to the cooperation of our partners, MRJ Resources and Cedar Canyon Mining Corp, along with private project investors, we are confident that we will be able to continue with our initiative and move our pilot project into full production."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. The processing of metal ore mining and oil and gas exploration both represent multi-billion dollar market opportunities which are capitalized 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 other minerals to market. CGrowth Capital will focus on acquiring, leasing, or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining exploration and operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Executes Definitive Agreement on Second Significant Wyoming Oil Lease Property
Jan 14, 2014
OTC Disclosure & News Service
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CGrowth Capital, Inc. Executes Definitive Agreement on Second Significant Wyoming Oil Lease Property
SILVERDALE, WA--(Marketwired - Jan 14, 2014) - CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company" is pleased to announce that it has completed the Purchase and Sale Agreement ("PSA" for the purchase of an additional 1,605 acres of Wyoming oil leases with 5 wells from Ventrum Energy Corp. ("Ventrum" . The leases, located in the Powder River Basin, include active wells with current production along with the associated fixtures, pumps, and tanks for the current field operation. The Company is working to complete the required filings and transaction through escrow with an effective date of December 31, 2013.
"This transaction completes the acquisition of initially targeted assets in the Powder River Basin," stated Bill Wright, CEO of CGrowth Capital, Inc. "With now close to 4,000 contiguous acres in the area, we have a substantial asset to work with moving forward. The company is now refining its finance offering to complete work-overs on existing wells and drill new wells on identified locations. Although natural resource production does not produce overnight results, we have all of the major pieces in place to build a long term success."
A petroleum engineer familiar with the area, with whom contracts with a major producer to the east, has performed a review of the site and commented, "I would like to state that due to the activity on the east side of this Federal lease it has the potential to be a high producing hydrocarbon resource. I've conferred with several of my colleagues on this matter long before we found out it has been acquired by a new operator. I've drilled quite a few wells and have every faith that this area has a lot of good potential. As a manager I see great logistics for transportation and sales. With some capital outlay and good implementation of proper planning this venture will work well."
The leases include a 100% working interest on the acreage. It also includes 100% working interest in the 5 existing wells. The Company is anticipating the production from these wells to settle in at a minimum of 45 BOPD upon completion of the revitalization. Production potential on new well drills will be reported in future releases. Geological reports for the area are estimating oil potential up to seven million barrels of oil for the region.
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining. The processing of metal ore mining is a multi-billion dollar market opportunity which is capitalized 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 and silver to market. CGrowth Capital will focus on acquiring or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Last updated 12/27/2016 - 0.01713
CGrowth Capital Poised to Breakout in Q4
Nov 16, 2016
OTC Disclosure & News Service
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CGrowth Capital Poised to Breakout in Q4
SILVERDALE, WA--(Marketwired - Nov 16, 2016) - CGrowth Capital, Inc. (OTC PINK: CGRA) (the "Company"
is pleased to report the filing of the Company's consolidated 3rd Quarter financials for the period ended September 30, 2016. Total Assets increased 13.2% over the prior quarter to nearly $25,000,000. The Company's share structure remained unchanged for the 12th consecutive month, as the Company remains committed to developing its business plan without the issuance of stock. The Company increased and renewed its bond offering in the United Kingdom to £30,000,000 British Pound Sterling -- releasing Bond Issue 2 Series 1v1 on November 9, 2016. The offering was completed in conjunction with management's visit with the bond administrator, and included meetings with strategic investment groups and pension managers. With the deployment of funds received through the Company's bond offering and the execution of numerous business initiatives, the Company is looking ahead and excited about closing out the year on high note and continuing the momentum into 2017.
During the 3rd quarter, the Company's subsidiary, Powder River Resources, has completed infrastructure improvements, well workover programs, production and wellsite facility upgrades, and extensive mapping and data collection on new drilling locations. The extensive work is projected to result in oil and gas revenue ramping up through the winter and continuing to build into 2017 and beyond. As new drilling commences, and prior workovers come online, the Company looks forward to a robust energy division.
The Company's real estate holdings under Chewelah Properties, LLC is now posting significant leasing revenue as first phases of construction have come to completion. The re-tooling of the property has resulted in combined lease rates of $48 per square foot (plus NNN charges) for the initial building completion of 8,000 sq. ft. The Company expects to continue bringing additional square footage online during 2017 along with increases in overall lease revenue.
Bill Wright, CEO of CGrowth Capital, Inc. stated, "We have a robust, non-dilutive, thriving company. Revenues are now beginning to post into our fourth quarter financials and we fully expect these revenues to continuing growing. This has never been an adventure with overnight success -- it has taken time, patience, the right relationships, and a whole lot of work -- but we are there now and revenues will continue to build as we expand the facilities, properties, and leases under our control."
The Company continues to make progress on completing its domestic audits in preparation for uplisting to a higher exchange. In addition, management met with auditors in the United Kingdom to ensure smooth transition of data between all groups. Additional information will be provided on this subject as further developments are made.
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. Through wholly owned subsidiaries, the Company has begun to strategically leverage real estate assets for maximum value within newly developing industries currently underway in Washington State and across the United States.
For more information and updates about CGrowth Capital and its subsidiaries, visit their websites or Facebook pages:
http://www.CGrowthCapital.com
http://CGrowthCapitalBond.com
https://www.facebook.com/CGrowthCapital
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
360-536-4500
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital to Bank Lease Revenues on Wildfire's Harvest
Oct 28, 2016
OTC Disclosure & News Service
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CGrowth Capital to Bank Lease Revenues on Wildfire's Harvest
Company announces lease revenues from its tenant, Wildfire Cannabis, scheduled for posting November 2016, following exceptional harvest
SILVERDALE, WA--(Marketwired - Oct 28, 2016) - CGrowth Capital, Inc. (OTC PINK: CGRA) (the "Company"
is pleased to report initial lease revenues from its tenant, Wildfire Cannabis, are scheduled for posting on November 1, 2016, following a blockbuster performance and outdoor harvest yield by its first fully licensed tenant. Furthermore, the Company is pleased to provide investors with a report on its latest site visit to the Company's manufacturing and processing facility in Chewelah, Washington. The Company is providing turnkey commercial leases to tenants at its Washington state location where the state has legalized cannabis. Based on initial success, expansion of both indoor and outdoor operations is inevitable. Bill Wright, CEO of CGrowth Capital, Inc., stated, "We have been working on this leasing structure and relationships for over 18 months and that diligence and patience is now paying off. While others in this new market space are spending their time telling people what they can do, we have rolled up our sleeves and executed on what we said we would do -- a first to market. This is not an adventure with overnight success -- it takes time, patience, the right relationships, and a whole lot of work -- but we are there now and revenues will continue to build as we expand the facilities and properties under our control."
The site visit to the property and concurrent visit with Wildfire management revealed the following progress:
Lease Payments Confirmed: Wildfire confirmed that it would be paying rent beginning November 1, 2016, at an escalated rate to account for rent accruals prior to production as well as triple net and capital cost to the facilities.
Property Development -- Phase I -- 80% complete: Of the 8,000 sq. ft. initial building, 80% of the rooms have been completed and are now operational, including full buildout, electrical, plumbing, HVAC, and security.
CO2 Extraction -- Phase I-B: The Company procured two coveted CO2 oil extraction machines and will be leasing this highly sought after equipment to its tenant -- adding to the current revenue stream. County permits are complete and we are awaiting state inspection and approval with Wildfire. The Company expects this phase to be completed by the end of November 2016.
Property Development -- Phase II: Plans are completed for the improvement of an existing 8,000 sq. ft. building south of Phase I building. This building will include primary processing and a full commercial kitchen. Work is scheduled to begin prior to the end of the year.
Property Development -- Phase III: Plans are being developed for a 22,000 sq. ft. building for extended grow rooms and overall mechanical for the site. The Company is planning on breaking ground on this new building in early 2017.
Additional information will be provided on further development at the site as agreements are completed. This includes discussions with existing tenants and additional interested parties.
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. Through wholly owned subsidiaries, the Company has begun to strategically leverage real estate assets for maximum value within newly developing industries currently underway in Washington State and across the United States.
For more information and updates about CGrowth Capital and its subsidiaries, visit their websites or Facebook pages:
http://www.CGrowthCapital.com
http://CGrowthCapitalBond.com
https://www.facebook.com/CGrowthCapital
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
360-536-4500
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital Provides Update on Oil Field Work
Oct 26, 2016
OTC Disclosure & News Service
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CGrowth Capital Provides Update on Oil Field Work
SILVERDALE, WA--(Marketwired - Oct 26, 2016) - CGrowth Capital, Inc. (OTC PINK: CGRA) (the "Company"
is pleased to provide investors with progress made during the 2nd and 3rd quarters of 2016 at its Powder River Resources oil field in Wyoming (as detailed below). In addition to the extensive workover program, the Company's contractors are currently mobilizing in preparation for drilling their first new well (details expected by mid-November). As the price of crude continues to climb, the Company is well positioned to take advantage of opportunities in the industry and deploy capital with positive ROI. Furthermore, the Company will release significant progress and information related to its Chewelah, Washington facility following site inspections this week. The Company is also pleased to remind investors of our stance against dilution (with no new shares issued in 2016) which has been made possible through our £30,000,000 GPB bond offering in the UK.
Infrastructure Improvements
Substantial infrastructure, road and well pad improvements were planned and carried out over the summer. A Road Grader, Backhoe and service truck were acquired and utilized to grade and rock roads into the centralized production facility for a number of the wells. Lease roads to the producing wells, and wells slated for workover and resumption of production, were bladed, rocked in places, culverts and erosion control installed, and otherwise brought up to standard. We believe these improvements will help us to avoid shut-in events; maintain access for continuous and consistent production; as well as allow production through most, if not all, of the winter months.
Well Workover Program
Early in the summer a regimen of field testing and well assessment was developed to identify the wells that would most benefit from workover and increase production. Study of the specific well histories and physical inspection we high graded 16 wells that would be the most likely to enhance production after workover. A number of the wells were identified as P&A candidates to be scheduled out over the next few years, and as well we have identified several existing wells that are candidates for re-completion in shallower formations.
During August and September, 12 of those 16 wells have been worked over with cleanouts, replacement of the pumps, and repair or replacement of rods and tubing as necessary, and swabbing to assess and enhance production potential. We hope to complete workover of the remaining four wells before winter sets in. The wells are now in various stages of being placed back into production. Many of these wells had been shut in for months and even years and we should be seeing incrementally increasing production in the coming months as we complete the surface facility repairs in the coming weeks.
Production and Wellsite Facilities and Infrastructure
As the workover program progressed, the production and wellsite facilities were inspected and reviewed for safety, need of repair, and opportunities for savings in operating costs. The Bison Production Battery was repaired and brought back to safe and efficient production. The treater building is being repaired and prepared for operation in the winter months. Electrical service has been or is in process of repair or installation at several of the wells worked over. Flow lines at two of the wells are being replaced so the wells can be brought online. Tanks at many of the production facilities and wells have been cleaned and inspected, water and contaminants cleaned out. Little Joe regulators have been installed on certain of the wells to maximize use of free gas from the wells and minimize use of costly propane for operations. We expect that the remaining repairs will be complete by the end of this month, or early the next.
Chemical Treatment Program Under Development
As the wells were worked over it became clear that many of them would benefit from chemical enhancement to mitigate conditions inhibiting production. Paraffin and scale have been identified in many of the wells. The company's pumpers and consultants are in process of developing a cost effective and simple chemical treatment regimen for the appropriate wells that will enable consistent and trouble free production. In some cases we believe these treatments can even increase the daily production over an extended period. As a new and consistent baseline of production is established for the wells with the workover and infrastructure improvements completed we will begin to apply the treatments and determine what provides the best ROI for the wells.
Geologic Data Collection and New Drilling Locations
A testing regimen incorporating a digital magneto-telluric technology developed by DMT Technologies of Broken Arrow Oklahoma, http://www.dmttechnologies.com/, was deployed to obtain new and detailed subsurface data concerning the leaseholds, and adjacent areas with potential for new production and acquisition. While full analysis and integration of the data is not yet complete, from the data so far our contractors have identified many specific, new drilling opportunities with high probability of success for shallow, inexpensive conventional vertical wells within and adjacent to the leaseholds. Upon completion of the analysis we will high grade the locations with the most potential for new production and reserves, and begin applying for drilling permits and planning the drilling of new wells in the summer months.
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. Through wholly owned subsidiaries, the Company has begun to strategically leverage real estate assets for maximum value within newly developing industries currently underway in Washington State.
For more information and updates about CGrowth Capital and its subsidiaries, visit their websites or Facebook pages:
http://www.CGrowthCapital.com
http://CGrowthCapitalBond.com
https://www.facebook.com/CGrowthCapital
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
CGrowth Capital, Inc.
Investor Inquiries:
360-536-4500
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Provides Update and Confirms Funding on Corporate Bond
Mar 29, 2016
OTC Disclosure & News Service
Silverdale, WA - 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
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Source: CGrowth Capital, Inc.
Copyright © 2016 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGROWTH CAPITAL, INC ENGAGES SIGUR CAPITAL, INC AS LEAD ADVISOR FOR INTERNATIONAL CAPITAL MARKETS
Dec 15, 2014
OTC Disclosure & News Service
Silverdale, WA - CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company"
announced today that Sigur Capital has been engaged to act as the lead advisor to the Company. It is proposed that Sigur Capital ("Sigur" , working in close consultation with the Company and some of its existing advisers, will use all reasonable endeavors to assist the Company by providing the advisory service and introductions to its established pools of international capital. Per the Engagement letter, Sigur will take on the role of bringing qualified accredited investment to CGrowth Capital. The financings contemplated, also achieved with the assistance of Sigur, will enable the Company to have access to more than adequate funding for the successful execution of its business plan.
Mandla Gwadiso, CEO, Sigur Capital, stated "We are honored to have gained the confidence of CGrowth Capital, Inc. and for them to allow us to represent them in the world of International Finance. I am looking very forward to being part of the growth of this early stage and exciting company."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
ABOUT SIGUR CAPITAL
Sigur Capital is a global investment bank that provides insight, expertise and execution to investors, companies and government entities. We offer deep sector expertise across a full range of products and services in investment banking, asset management and research & strategy throughout the globe. We understand the selection of a partner for such services is challenging and often one of the most important choices that a company or investor can make.
Sigur Capital Inc was formed in 2010 as a subsidiary company of Sigur Holdings Inc, in response to the consolidation of independent research boutiques by large commercial banks. Formed in the mold of its independent, research driven predecessors as a growth - oriented, entrepreneurial firm dedicated to serving the needs of public and private companies and institutions that invest in them. Headquartered in New York, Sigur Capital intends on being at the heart beat of the United States to provide its clients with a middle American flavor of service and commitment in compliance with all federal and state regulations.
Since the mid - 1990s nearly 50 regional investment banks have been acquired by major financial institutions. Such industry consolidation has pressured a new breed of bulge - bracket investment banks to compete for large market - capitalization clients and has greatly reduced Wall Street's focus on small to medium market. Many of Sigur Capital's senior professionals previously held ranking positions at leading investment banks, and this collective experience is reflected in the firm's results.
ABOUT CGROWTH CAPITAL:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. 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, dolomite, and terrazzo to market. CGrowth Capital will focus on acquiring or “claiming” land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Copyright © 2014 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Updates Shareholders on Successful Business Development Trip
Sep 15, 2014
OTC Disclosure & News Service
-
CGrowth Capital, Inc. Updates Shareholders on Successful Business Development Trip
SILVERDALE, WA--(Marketwired - Sep 15, 2014) - CGrowth Capital, Inc. (PINKSHEETS: CGRA) (the "Company"
is pleased to announce that its CEO has recently returned from a successful trip to New York City to meet with funding groups and to discuss dolomite contracts with companies in the agricultural market. The reason for the trip was done with the express purpose of closing relationships established with high net worth investors and for introductions to larger funding groups. As part of the meeting process, the Company was also introduced to parties interested in the dolomite reserves that the Company acquired earlier this year. "We have worked very hard over the summer to execute on several initiatives and this recent trip is the culmination of those efforts," stated Bill Wright, CEO of CGrowth Capital, Inc. "After closing on several oil and gas assets, and our prized dolomite reserve earlier in the spring, there was a mountain of work to put those assets into motion and begin presenting to individuals and funds with an interest in those spaces. All of that work is now starting to bear fruit."
Mr. Wright continued, "One of the strategies with our dolomite reserve has been to explore large block asset sales and joint ventures with companies in the agricultural space -- which includes companies exploring entry and/or expansion into the emerging cannabis market. We have engaged in discussions with four such groups over the past few months and believe it is just a matter of time before we strike the right deal. In the meantime, we continue to process and sell to currently established agricultural groups and will look to expand that operation and market as we close on funding."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. 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, dolominte, and terrazzo to market. CGrowth Capital will focus on acquiring or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Completes Final Piece to the Puzzle With Wyoming Oil Leases
Apr 21, 2014
OTC Disclosure & News Service
-
CGrowth Capital, Inc. Completes Final Piece to the Puzzle With Wyoming Oil Leases
SILVERDALE, WA--(Marketwired - Apr 21, 2014) - CGrowth Capital, Inc. (OTC Pink: CGRA) (PINKSHEETS: CGRA) (the "Company"
is pleased to announce that it has completed a Purchase and Sale Agreement ("PSA" for the remaining ~80% Working Interest in the assets and wells located on the Company's Wyoming oil leases. The acquisition includes 41 wells (some currently producing and some non-producing) along with the associated fixtures, pumps, and tanks for the current field operation on the leases located in the Powder River Basin. The Company closed the PSA through the assumption of certain debts of the seller. The purchase follows the closing of the valuable ground leases, along with the original ~20% Working Interest in a majority of the existing field operations, which occurred during the third quarter of 2013. The acquisition now provides the Company with control of the field operations, allows them to provide direction and prioritization of the field development, and gives the Company nearly 100% Working Interest in the oil production from the fields. The Company has significantly increased its revenue potential in the field by increasing its overall Working Interest from ~20% to nearly 100%.
"We were not anticipating this opportunity to present itself to us, but when the call came in that the majority Working Interest was available, we delivered again and jumped at the opportunity to provide shareholders with increased assets and revenues," stated Bill Wright, CEO of CGrowth Capital, Inc. "We now have control of what happens in the field, can make a much stronger presentation for funding opportunities, and we will see much greater asset appreciation and revenue realization as the field produces and we prove out reserves."
Mr. Wright continued, "As an example of what this can mean to the Company, we sent a tanker truck out to one of our storage tanks after the weather began to break and the first pull of oil was in excess of 200 barrels. One of the wells, one that is on the list for us to perform service on, produced 30 barrels the day we turned it back on. While it does not guarantee that result every day on every well, it does show that we are moving in the right direction and we have a tremendous revenue opportunity in front of us."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining. The processing of metal ore mining is a multi-billion dollar market opportunity which is capitalized 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 and silver to market. CGrowth Capital will focus on acquiring or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
CONTACT:
Investor Inquiries
CGrowth Capital, Inc.
888-218-2472
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Closes Escrow on Industrial Processing Site
Apr 09, 2014
OTC Disclosure & News Service
-
CGrowth Capital, Inc. Closes Escrow on Industrial Processing Site
Transaction Includes 20-Year Lease on Highly Desirable Minerals
SILVERDALE, WA--(Marketwired - Apr 9, 2014) - 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
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. The processing of metal ore mining and oil and gas exploration both represent multi-billion dollar market opportunities which are capitalized 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 other minerals to market. CGrowth Capital will focus on acquiring, leasing, or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining exploration and operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Makes Advances in Mining Operations
Mar 25, 2014
OTC Disclosure & News Service
-
CGrowth Capital, Inc. Makes Advances in Mining Operations
SILVERDALE, WA--(Marketwired - Mar 25, 2014) - CGrowth Capital, Inc. (PINKSHEETS: CGRA) (OTC Pink: CGRA) (the "Company"
is pleased to announce that it has made advances in the progress towards processing of its silver ore material from the Deer Trail Mine in Eastern Washington. The Company has recently completed necessary work on its laydown yard, which is used for the staging and loading of ore for shipment. Improvements included the completion of road excavation, the distribution of over 700 yards of roadbed rock, and preparing the site for permanent weigh scales. In conjunction with improvements, the Company executed contracts with vendors for both the hauling and processing of the silver ore material in Montana. The Company continues to work with investors and its mining partners, and is wrapping up the quarter by completing the extraction of 750 tons of its silver ore material to be used for a pilot test. The ore material has been delivered to the processor, and the Company expects processing to begin prior to the end of the month in Philipsburg, Montana. The Company expects to announce the results follow the processing and analysis by third parties.
"Winter is historically a tough time for surface mining, with many operations shut down until the spring thaw," said Bill Wright, CEO of CGrowth Capital, Inc. "However our team has not been deterred and has pressed forward with not only the small pieces of the puzzle, but has completed multiple projects and milestone to get our ore to the processing facility. Our laydown yard is in order and we have major contracts in place. Thanks to the cooperation of our partners, MRJ Resources and Cedar Canyon Mining Corp, along with private project investors, we are confident that we will be able to continue with our initiative and move our pilot project into full production."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. The processing of metal ore mining and oil and gas exploration both represent multi-billion dollar market opportunities which are capitalized 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 other minerals to market. CGrowth Capital will focus on acquiring, leasing, or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining exploration and operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
Copyright © 2014 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
CGrowth Capital, Inc. Executes Definitive Agreement on Second Significant Wyoming Oil Lease Property
Jan 14, 2014
OTC Disclosure & News Service
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CGrowth Capital, Inc. Executes Definitive Agreement on Second Significant Wyoming Oil Lease Property
SILVERDALE, WA--(Marketwired - Jan 14, 2014) - CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company"
is pleased to announce that it has completed the Purchase and Sale Agreement ("PSA" for the purchase of an additional 1,605 acres of Wyoming oil leases with 5 wells from Ventrum Energy Corp. ("Ventrum" . The leases, located in the Powder River Basin, include active wells with current production along with the associated fixtures, pumps, and tanks for the current field operation. The Company is working to complete the required filings and transaction through escrow with an effective date of December 31, 2013. "This transaction completes the acquisition of initially targeted assets in the Powder River Basin," stated Bill Wright, CEO of CGrowth Capital, Inc. "With now close to 4,000 contiguous acres in the area, we have a substantial asset to work with moving forward. The company is now refining its finance offering to complete work-overs on existing wells and drill new wells on identified locations. Although natural resource production does not produce overnight results, we have all of the major pieces in place to build a long term success."
A petroleum engineer familiar with the area, with whom contracts with a major producer to the east, has performed a review of the site and commented, "I would like to state that due to the activity on the east side of this Federal lease it has the potential to be a high producing hydrocarbon resource. I've conferred with several of my colleagues on this matter long before we found out it has been acquired by a new operator. I've drilled quite a few wells and have every faith that this area has a lot of good potential. As a manager I see great logistics for transportation and sales. With some capital outlay and good implementation of proper planning this venture will work well."
The leases include a 100% working interest on the acreage. It also includes 100% working interest in the 5 existing wells. The Company is anticipating the production from these wells to settle in at a minimum of 45 BOPD upon completion of the revitalization. Production potential on new well drills will be reported in future releases. Geological reports for the area are estimating oil potential up to seven million barrels of oil for the region.
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining. The processing of metal ore mining is a multi-billion dollar market opportunity which is capitalized 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 and silver to market. CGrowth Capital will focus on acquiring or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
Investor Inquiries:
CGrowth Capital, Inc.
888-218-2472
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