CGrowth Capital Secures $1 Million in Non-Debt Financing
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NEW YORK, NY, Nov. 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – 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 Sports Technology and Mining. The company is focused on investing in growth-oriented opportunities where the company’s capital, expertise, and capabilities can help create significant added value for shareholders.
CGrowth Capital, Inc. (CGRA) is pleased to announce that it has secured
“Due to market conditions, it took longer than expected to raise this capital, but we are very pleased that the funding is non-debt funding which is from supportive investors who add substantial value to the company’s operations. This investment sets CGRA on a great path to deliver its business plan,” added CGRA Chairman, Nicolas Link.
CGRA has a clear set of deliverables for each of its two operating subsidiaries. This involves developing and scaling its sports apparel business globally on a Business to Consumer (B2C) model. Simultaneously, at its mining site in Hombolo, Tanzania, the company is progressing its lithium exploration business along the Lassonde mining curve according to its current desktop research report and initial report. These reports will soon be followed by the PEA (Pre-Economic Assessment Report) during Q1 of 2024 and later in 2024, a pre-feasibility report.
With funding in place, the company can now expand public awareness as it accelerates and executes its growth plan.
CGRA Chairman, Nicolas Link, is expected to release a series of “Vodcast” videos over the coming days via the company’s social media channels. These videos describe the company’s plans and divisions in more detail.
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
FAQ
What type of financing did CGrowth Capital Inc. secure?
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Where is CGrowth Capital Inc. progressing its lithium exploration business?
How will CGrowth Capital Inc. provide more detailed information about its plans and divisions?
