NEW YORK--(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.
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.