GNCC Capital, Inc. Clarifies Relationship with Mining Exploration Properties
June 12 2014 - 12:35PM
Business Wire
GNCC Capital, Inc. (OTC: GNCP) (“The Company”) wishes to clarify
a key point based upon their Press Release dated June 11, 2014.
It appears that based upon communications from stockholders,
that an erroneous impression was created that the Company was in
fact, disposing of its Mining Exploration Properties.
The Company will be retaining 100% ownership of all of its
current exploration properties, namely “Kit Carson, Clara, Burnt
Well, Potts Mountain, Silverfields, Ester Basin and White
Hills”.
The Company will be retaining its ownership of these exploration
properties through companies that are 100% controlled by GNCC
Capital, Inc.
The Company is acquiring additional mining exploration
properties, namely “North Rawhide, Alamo and McCracken”. These
exploration properties will be owned by a company that is 100%
controlled by GNCC Capital, Inc.
The Company is not seeking to dispose of any of its mining
exploration properties.
The Company is simply reorganizing its corporate structure as it
is intending to acquire companies that are unrelated to the
business of Mining Exploration. The rationale for these
acquisitions is to provide the Company with stable revenues,
profits and cash flow.
All other corporate actions were implemented to improve the
company’s Stockholder Equity position and to eliminate certain of
the short and debt term that currently exists within the
Company.
About GNCC Capital, Inc.:
GNCC Capital, Inc. is primarily a Gold Exploration Company, with
a secondary focus on Silver Exploration. The initial exploration
properties are located in Arizona and consist of “White Hills,
Esther Basin, Burnt Well, Clara, Kit Carson, Silverfields and Potts
Mountain". The Company intends to create significant value for its
initial portfolio of properties through continued exploration,
joint ventures, and through the acquisition of additional Gold and
Silver Exploration assets. GNCC Capital, Inc. is a Current
Information Filer on the OTC Markets.
Forward-Looking Statements:-
This press release may contain forward-looking statements. The
words "believe," "expect," "should," "intend," "estimate,"
"projects," variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company's filings, which are on file with the OTC
Markets Group.
GNCC CAPITAL, INC.N.E. “Ted” Blom, 702-951-9793President
& CEOcorporate@gncc-capital.comorInvestor Relations Contact:E
Mail: investor@gncc-capital.comWeb Site:
www.gncc-capital.comTwitter: https://twitter.com/GNCCCapital[We
would be very appreciative if all investor questions be directed to
this E mail address and not to our telephone voicemail until such
time as we have appointed a dedicated Investors Relations Firm whom
will deal with all telephonic enquiries]
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