CGRA:
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.