GNCC Capital, Inc. – First Corporate & Strategic Update
10 4월 2014 - 4:35AM
Business Wire
GNCC Capital, Inc. (OTC:GNCP) updates today on one of our
various upcoming corporate and strategic transactions; various
additional updates will be forthcoming over the coming weeks at
such time as each of these strategic initiatives are finalized.
EXTENSION OF AND ADDITIONAL CREDIT FACILITIES & THE USE OF
PATENTED RADAR SCANNING TECHNOLOGY:
On March 19, 2014, the Company confirmed that it was in
advanced talks with a number of parties to add additional lines of
credit in order to undertake significant further and more
extensive exploration work and for general corporate purposes.
These approaches in respect of further loan facilities were
unsolicited by the Company and the Company now intends to
capitalize upon this increasing interest in our
business model from various financiers.
As the Company has significantly increased its exploration
expenditure and intends to continue to do so, Management believes
that significant additional credit facilities are required by the
Company for the remainder of this fiscal year.
The Company’s intention is to utilize the services of a
specialist radar geological scanning service provider in early May
of 2014, initially on its “White Hills, Burnt Well, Kit Carson and
Clara” Exploration properties; it is estimated to cost an initial
amount of circa $500,000 in respect of those initial properties.
This technology will be expanded in due course for use on
all of our exploration properties and, where identified, will
result in the need for reduced drilling for core samples
as well as an expedited timeline to getting better reserve and
resource estimates.
To this end, Ted Blom in due course, will be publishing a
Management Discussion Paper on the rationale and uses of this
particular radar scanning technology and its uses for identifying
geological anomalies and potential ore body delineation. This
will highlight the benefits of using “Cutting Edge Mining
Technologies” and as to why the Company will be attempting to
deploy this technology on our properties under license.
Due to the Company embarking on a drive to expedite and define
the potential values of the properties under license, our spend
rate will increase and therefore the Company is expecting to
announce the raising of an additional amount of $1 million in cash
for the very short term. It is now highly likely that the total
funds being sought by the Companies, in the very near term, will be
significantly higher.
Full details will be published at such time as each of these
various arrangements are consummated.
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.
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 – President &
CEOTelephone: 702-951-9793E Mail:
corporate@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 who will deal with all
telephonic enquiries]
GNCC Capital (CE) (USOTC:GNCP)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
GNCC Capital (CE) (USOTC:GNCP)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024