CGrowth Capital Inc (CGRA)

[ANTI-BAGHOLDER]

Reminder: THIS IS THE FIRST OF 7 DRILL LOCATIONS.

During the 3rd quarter of 2016, the Company’s subsidiary, Powder River Resources, Inc., entered into and received an oil and gas lease assignment covering property located in Campbell County, Wyoming. Included with the lease is a Joint OperatingAgreementprovidingPowderRiverResourceswith40.375%WorkingInterest. TheCompanyintendstoprovide financing for the project which covers up to 7 new drilling locations. The Company began mobilizing for drilling operation during the 4th quarter of 2016 and completed surface work prior to the onset of winter. As of this filing, the well has been completed to approximately 90% of depth, at which point, issues with the operator arose. The Company has delayed the completion of the final drilling until new details with the working interest partners can be resolved, which is expected to be complete in the month of August.

$CGRA

https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=177912