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CGrowth Capital Inc. (OTC: CGRA) is a public holding company established in 1986 and began restructuring in 2009. The company shifted focus to the mining industry in 2012 to capitalize on the demand for commodities and the valuation of mineral assets. CGRA holds prospecting licenses in Tanzania for lithium exploration, aligning with the global energy transition towards green energy. The company adheres to internationally recognized mining standards, ensuring transparency and reliability in reporting. With a clear roadmap for project expansion and a commitment to value creation, CGRA presents an attractive investment opportunity.
American Infrastructure (AIC), a subsidiary of American Resources (NASDAQ:AREC), has entered into a binding term sheet to merge with CGrowth Capital, Inc. (OTC PINK:CGRA). Following the merger, AIC will become a wholly owned subsidiary of CGRA, which will be renamed to American Infrastructure Holding .
The merger is structured as a tax-free exchange where AIC shareholders will receive Series A Preferred Stock, convertible into common shares of the post-merger company. The Series A Preferred Stock includes an anti-dilution provision, ensuring 92% ownership of common stock after twelve months.
AIC has previously received multiple LOIs for structured transactions ranging from $150 million to $280 million. The company operates six coal mining and processing subsidiaries in Eastern Kentucky and West Virginia, focusing on metallurgical carbon supply to the steel industry, along with iron ore and titanium assets in Jamaica.