NEW YORK, NY -- November 21st, 2023 -- InvestorsHub
NewsWire – CGrowth Capital Inc. (OTC:
CGRA) is a public holding company for alternative and
undervalued assets. The company is sector and industry agnostic and
currently consists of two divisions including Mining and Sports
Technology. The company is focused on acquiring and investing in
growth-oriented opportunities where the company’s capital, expertise, and capabilities can help
create significant added value for shareholders.
Following its successful raise of $1 million in non-debt
financing from a Dubai-based family office, CGRA will be updating
shareholders regarding a series of achievements and upcoming
milestones. Ahead of these announcements, the company would like to
provide a general overview and update on the current status across
both the Sports Technology and Mining divisions of the business.
This update is designed to address several key aspects of the
business and the impetus behind the strategic decisions made by the
CGRA management team.
Under new management, CGRA underwent a fundamental transition
from primarily being an oil related business to shifting away from
fossil fuels and focusing on renewable energy businesses, in
particular minerals and metals for the renewable energy sector.
This strategy led to the formation of CGRA Mining which is
currently incorporating a new lithium mine in Tanzania.
Recent industry analysis by British Petroleum (BP), a leading
player in the global energy sector, further validates CGRA's
strategic direction. BP's recent report underscores a significant
forecast that the demand for oil is expected to decrease sharply in
the coming decades. Their projections indicate that the share of
fossil fuels in primary energy consumption will drop from 80
percent in 2019 to between 55 and 20 percent by 2050. In contrast,
the share of renewables is set to increase from 10 percent to
between 35 and 65 percent during the same period.
“This decisive energy sector shift echoes our assessment of the
sector’s future. It's a clear indicator that renewable energy
sources, including EV technology, will form the backbone of future
energy consumption. Our move to align CGRA with these trends is a
strategic step to stay ahead in the ever-evolving energy market and
to ensure we remain at the forefront of this generational
transition,” said CGRA Chairman, Nicolas Link.
“This strategic decision by CGRA's management team is already
yielding positive results, given the notable progress in our Mining
division. We have already achieved significant milestones as
described to shareholders previously. We believed it important to
have the initial reports independently completed and to be
sufficiently advanced in the next reporting process for the next
phase of announcements to be meaningful to shareholders. This more
cautious approach is intended to build and reinforce confidence
among both our current and potential shareholders. I am pleased to
say that we have now reached a stage where we can confidently
announce the progress we have made and are making. Over the next
week or so, we look forward to releasing a series of detailed
reports to the market which will reflect the significant strides we
have taken over the last few months in our mining division,”
continued Mr. Link.
In tandem with CGRA’s achievements in the Mining sector, its
Sports Technology division continues to show impressive growth.
This area of the business has been significantly bolstered by the
recent addition of several industry experts as well as leading
sports and marketing consultants who are currently building out the
global product placement, sales and distribution plan for 2024.
“We firmly believe in the potential of our Sports Technology
division to achieve millions of dollars in revenue in the
short-term before becoming more significantly cash-generative by
2025. The sheer global scalability and high profit margins in this
sector of our business make it extremely promising for us in the
short to medium term. We are excited about our future prospects and
look forward to sharing more developments as they unfold,” said Mr.
Link.
Looking ahead, CGRA is committed to transition towards full
reporting status. This significant move is planned for 2024, a time
when the company expects to be ideally positioned for such a step,
ensuring it aligns with the best interests of shareholders and is
feasible for its management team. Until then, CGRA’s unwavering
focus will continue to be on creating real, verifiable and
substantial value for its shareholders.
For regular CGrowth Capital (CGRA) updates, you are invited to
view the company’s website and/or to follow
the company’s Twitter account:
Website: https://cgrowthcapital.com
Twitter: @CGRAOTC
Contact: info@cgrowthcapital.com
Source: CGRA
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
We use these channels as well as social media to communicate with
the public about our company, our services, and other issues. It is
possible that the information we post on social media could be
deemed to be material information. Therefore, in light of the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the following
social & media channels: Twitter: @CGRAOTC
Grafico Azioni CGrowth Capital (PK) (USOTC:CGRA)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni CGrowth Capital (PK) (USOTC:CGRA)
Storico
Da Gen 2024 a Gen 2025
