CGrowth Capital Increases Bond Offering to £30,000,000 to Meet Demand
July 15 2016 - 10:00AM
Access Wire
SILVERDALE, WA / ACCESSWIRE / July 15, 2016 /
CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased
to announce that its wholly owned subsidiary, CGrowth Capital Bond,
Ltd., has amended its Bond offering in the United Kingdom to
£30,000,000 British Pounds Sterling (~$40,000,000 USD). The
Company's decision to increase the Bond followed recent long term
interest and commitment by third-parties to fund beyond the initial
offering. Details of the amended Bond Issue 1 Series 1 v2.0 will be
released shortly under http://CGrowthCapitalBond.com following
required administrative procedures.
"We are extremely pleased with the results that we are seeing
from the bond offering," stated Bill Wright, CEO of CGrowth
Capital, Inc. "With long term commitments to fund beyond our
initial target, we are now able to plan for additional growth well
into 2017, evaluate new business and asset opportunities, and take
advantage undervalued assets that our currently producing cash
flow."
Mr. Wright continued, "We stated from the beginning that this
was not a sprint, but a marathon, and we are continuing to build
and push forward. We are committed to maintaining our cap
structure, which has not changed in over nine-months. We are
working diligently on completing audits and building our team in
anticipation of uplisting. We have structured financing to be
non-dilutive and put contracts in place to limit any redemption in
the short term. And we are extremely excited about the progress
being made on our two primary project, which we will be providing
updates in the coming days and weeks."
To date, CGrowth Capital Bond Ltd. has issued bonds totaling
nearly £12,000,000 British Pounds Sterling (~$16,000,000 USD) in
exchange for cash and other assets. In turn, the Company's oil and
gas project, held under Powder River Resources, has received
funding to advance its business in Wyoming.
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. 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, visit
their website or Facebook page:
http://www.CGrowthCapital.com
https://www.facebook.com/CGrowthCapital
Investor Inquiries:
CGrowth Capital, Inc.
360-536-4500
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.
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