SILVERDALE, WA--(NewMediaWire - Oct 24, 2017) - CGrowth
Capital, Inc. (OTC PINK: CGRA) (the "Company") is pleased to
announce that its wholly-owned subsidiary, Powder River Resources,
Inc., has successfully drilled the Tolero 69-1 well to Total Depth
in the oil and gas resource rich state of Wyoming. Based upon the
favorable indications identified during the drilling, production
casing was run and cemented into place. Well testing will take
place in the coming weeks to determine production
estimates. The Company kept stakeholders apprised of the
drilling progress via their Facebook
(https://www.facebook.com/CGrowthCapital) and Twitter
(https://twitter.com/CGRAOTC) pages.
Bill Wright, CEO of CGrowth Capital, Inc., stated, "The entire
crew is ecstatic about getting to Total Depth and being able to
case in this well. It is amazing the number of pieces and
people that must come together to complete these tasks. I cannot
provide enough praise for both our internal team and the
subcontractors for their perseverance and professionalism in
completing this critical phase of the project."
Mr. Wright continued, "We are starting to fire on all
cylinders. This drilling exercise is just the beginning of our
program, as we have identified a dozen additional drilling
locations between this site and our West Salt Creek field in
Natrona County. On the corporate side, we have been hard at
work expanding our funding, which is leading to expansion of
current programs, additional business opportunities, and increased
corporate diversity. Strategically, all of these items are
coming together as we drive closer to the completion of our 2-year
audit which will position us for a market uplisting."
The Company has not issued shares since 2015 -- nearly 24 months
-- and remains committed to developing its business plan without
the issuance of stock. The Company referenced the additional
significant updates:
CGrowth Capital Bond, Ltd. -- (financing)
- The Company is in the process of renewing and increased its
bond offering in the United Kingdom to £45,000,000 British Pound
Sterling (including initial issue -- approximately $60,000,000 USD)
-- releasing Bond Issue 3 Series 1v1 on November 9, 2017.
The Company anticipates its first Shariah compliant bond (known as
a Sukuk) -- established at the special request of our Malaysian and
Asian networks and called the "Gold Sukuk" -- to be approved prior
to our November investor meetings in Malaysia.
The Company has now made available a 5-year, renewable, secured
loan block, which is available direct through the United Kingdom,
bringing to market a third investment option.
Corporate
- Over $25,000,000 in total assets.
Non-dilutive stock since 2015!
US Audit is at the "confirmations" stage, as we continue to supply
backup information for various assets, liabilities, and revenues to
the auditors.
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
https://twitter.com/CGRAOTC
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.
