NEW YORK--(BUSINESS WIRE)--GNCC Capital, Inc. (OTC: GNCP) has filed a Supplemental Information Filing and in respect of the re-pricing of the shares of Common Stock issued by the Company to partially settle Long Term Convertible Loan Note Holders.
The Company achieved a settlement price of $0.00035 per share of Common Stock, that being higher than the original pricing of $0.0003 per share of Common Stock.
This has resulted in an additional amount of $805,000 being eliminated in long term liabilities and as at December 31, 2013.
A link to this Filing: http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=115245.
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 under the symbol “GNCP”.
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.