Cgrowth Capital Bond Ltd, the Bond Issuer, is a UK registered company the totality of whose shares are owned by CGrowth Capital, Inc. the USA based owner of Powder River Resources, Inc.
CGrowth Capital, Inc. attends to the management of the investment on behalf of CGrowth Capital Bond Ltd. The Bond Issuer holds a security charge over the assets of the three companies:
Powder River Resources, Inc.
S.M.R.L. Ana Paula Bebe
Project Partners International S.A.C.
The primary assets comprised in the holdings of the companies are:
S.M.R.L. Ana Paula Bebe has gross assets of proven and probable reserves of US$32,166,122.00.
Powder River Resources, Inc. is a subsidiary of CGrowth Capital, Inc. whose financial statements confirm the acquisition of Powder River Resources, Inc. with its assets valued on a cost of acquisition basis of circa US$5,500,000.00.
CGrowth Capital, Inc. public accounts show net assets of $21,976,266 at quarter ended June 2016. It is worth specific note that it's holdings of other resource leases outside of Powder River Resources, Inc. are substantial, have not been revalued for investment purposes and are therefore not materially covered within this consolidated financial position.
Project Partners International S.A.C. has an indicative net project value of US$62,500,000.00 based upon 0.5% of gross reserves which extend to some 100,000,000 cubic metres of 98.5% purity commodity.
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