NEW YORK, NY – (NewMediaWire) – November 16, 2023 – 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 $1 million in non-debt financing from a Dubai-based family office who are involved in multiple mining interests. Following a period of thorough due diligence, the investor is very supportive of the company’s growth plans and potential. Having taken a long-term view, the investor has received preference shares for their investment.
“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.