Yes. Operations are clearly going strong.
CGrowth Capital Releases 2016 Annual Financials and Business Update
SILVERDALE, WA--(Marketwired - Apr 17, 2017) - CGrowth Capital, Inc. (OTC PINK: CGRA) (the "Company") is pleased to report the filing of the Company's 2016 consolidated annual financials for the period ended December 31, 2016 to OTC Markets. The Company's consolidated Total Assets increased three-fold over the prior year to nearly $25,000,000. The Company has not issued shares for the 17th consecutive month, as the Company remains committed to developing its business plan without the issuance of stock. The Company and its wholly owned subsidiary's highlights are as follows:
CGrowth Capital Bond, Ltd. - (financing)
The Company renewed and increased its bond offering in the United Kingdom to £30,000,000 British Pound Sterling -- releasing Bond Issue 2 Series 1v1 on November 9, 2016.
The subsidiary has issued in excess of £15,000,000 GBP subscriptions to date.
The Company is pleased to announce the opening of an affiliated office in Malaysia this month, which will support the Company's efforts with the bond offering and other business affairs.
Subscriptions for the bonds remain strong and are expected to continue through 2017.
Powder River Resources, Inc. - (Oil and gas)
Initial infrastructure improvements have been completed.
Well workover programs started and will continue as winter weather breaks into spring.
Production and wellsite facility upgrades continue.
Extensive mapping and data collection on new drilling locations and reserve indications.
New drilling has commenced with first new well projected to be completed at the end of the 2nd quarter.
Revenues and reserves projected to blossom in 2017.
Chewelah Properties, LLC - (commercial real estate)
Significant rental revenues now online with a base of $32,000 per month plus NNN charges.
Non-performing tenants have been removed, allowing for performing tenant to assume another 12,000 sq.ft. at same rate structure as existing.
Strong interest in the site from both wholesale and retail tenants shows promise for stellar rental growth in 2017.
Base rent expected to triple in 2017 as renovated space comes online.
Corporate
Nearly $25,000,000 in total assets.
Non-dilutive stock for entire 2016 fiscal year.
United Kingdom audits have been completed. These will be posted as a supplemental to the Company financials once released in the UK.
Completed UK audits now pave the way for Company to complete US audits in preparation for additional corporate developments and uplisting.
