SILVERDALE, Wash., May 30, 2013 /PRNewswire/ -- CGrowth Capital, Inc. (Pink Sheets: CGRA) (the "Company"), is pleased to provide an update to its shareholders regarding the Company's progress.
The Company's primary focus remains the Deer Trail Mine operation in Eastern Washington. A great deal of progress was made at the beginning of the year to set the stage for processing in 2013, including the purchasing of major pieces of equipment and contracting for the purchase of the mine site.
The Company's focus the past couple of months has been the initial financing for operations at the mine. While we are not ready to announce completed financing yet, we are pleased with the progress that has been made as we diligently work to negotiate the best possible financing for the Company. Additionally, as negotiations have continued to progress, so has the due diligence and site visits performed on behalf of the financiers, our partners, and third party providers.
The Company is in constant review of business opportunities for future business growth and diversification, such as the recently signed agreement with Kirida Resources, Inc.'s Cameroon gold and diamond project. While the precious mineral sector provides numerous opportunities and great promise, the Company is also looking at additional commodities that will provide for diversification and increased cash flows, such as oil and gas, and rare earth minerals.
This is shaping up to be an exciting year for the Company and we look forward to providing further updates in the near future.
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.
CGrowth Capital, Inc.
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.