CGrowth Capital, Inc. (OTCPK:CGRA) entered into a letter of intent to acquire 2,064 acres of Wyoming oil leases from West Salt Creek, Inc. on September 3, 2013. On September 17, 2013, The purchase and sale agreement was signed. CGrowth Capital, Inc. is working to close the transaction through escrow as soon as possible.

CGrowth Capital, Inc. (OTCPK:CGRA) completed the acquisition of 2,064 acres of Wyoming oil leases from West Salt Creek, Inc. for $3.9 million on October 29, 2013. CGrowth Capital will pay $3 million in Preferred A stock which can be converted to common shares after the hold period at a 20% discount to market and $0.9 million in common stock.