CGrowth Capital Inc (CGRA)

[ANTI-BAGHOLDER]

Reminder… this LOI is huge. They close this and it’s bonkers time

BREMERTON, WA, Nov. 03, 2021 (GLOBE NEWSWIRE) -- CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce that it has executed a Letter of Intent (LOI”) with WBS Organization (“WBS”), a multinational business services organization specializing in funding, collateralization, and associated services, to acquire the rights, title and interest in their Bahamian Petroleum Project (the “Project”). The Project includes long-term leases of land situated within the Bahamas (in excess of 8,000 acres) at the target site and necessary one-off project specific Government Permissions. Together, these form a unique opportunity in the Bahamas to conduct further advanced exploratory operations leading to anticipated drilling and oil extraction – while recent explorations have now been conducted, advanced studies have not taken place around the islands for several decades.