SILVERDALE, WA / ACCESSWIRE / March 22, 2016 / CGrowth Capital, Inc. (PINKSHEETS: CGRA) (the "Company") is pleased to officially release details of the Company's Joint Venture Bond offering in the United Kingdom. The bonding company, registered under CGrowth Capital Bond Ltd., is a wholly owned subsidiary of the Company and will be treated as such under the Company's consolidated financial statements. The initial offering of the bond is for £15,000,000.00 British Pounds Sterling, with net proceeds distributed to the three Joint Venture projects - including the Company's Powder River Basin oil and gas project.
"Navigating in today's investment environment is not always an easy task and it can change overnight," stated Bill Wright, CEO of CGrowth Capital, Inc. "We are now seeing the investment of time, capital, and diligent effort by many culminating in the delivery of a tremendous financing opportunity for the Company. We are pleased that we will be able to perform the work that we set out over two years ago to undertake and turn a relatively fragmented oil field into a significant asset with tangible revenue streams."
A major component in presenting the bond to the investment community is the recent addition of an umbrella insurance policy covering the projects and capital investments. The policy, structured by a leading global provider of risk management and insurance coverage, provides cover for project assets, revenue stream(s), and project liabilities. The Company's coverage contribution to the bond is $10,000,000.00 - lending additional third party validation of its assets.
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 assets for maximum value within the legally developing cannabis industry 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.
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.