GNCC Capital, Inc. Completes Acquisitions of Additional Mineral Exploration Properties and Its Reorganization

GNCC Capital, Inc. (OTC: GNCP) (“The Company”) confirms that is has completed its reorganization and its Mining Exploration acquisitions as set out in a press releases dated June 11, 2014 and June 18, 2014.

The Company confirms that its acquisition of the “Alamo, North Rawhide and McCracken” Mining Exploration Properties has been completed. These were acquired by Walker Lane Exploration, Inc., a wholly owned subsidiary of the Company. The full acquisition price of these properties was settled through the issuance of recently designated shares of Series C Preferred Stock.

The Company has significantly increased the size and scope of its Mining Exploration Properties through these acquisitions.

The Company has now been reorganized as a Holding Company. Three of its wholly owned subsidiaries being engaged in Mining Exploration. The Company assigned its interests in its “White Hills” Exploration Properties to White Hills Exploration, Inc., a wholly owned subsidiary of the Company. The Company has completed upon the assignment of its entire rights, title and interest in its “Ester Basin, Kit Carson, Burnt Well, Clara, Silverfields and Potts Mountain” Exploration Properties to Mohave Consolidated Exploration, Inc., a wholly owned subsidiary of the Company.

Full details are being filed by the Company on the OTC Markets Disclosure Service during the course of today. These transactions will be accounted for in the Company’s Third Quarter ending June 30, 2014.

As the Company has now completed its reorganization, the Company is in the final stages of acquiring an initial two companies in unrelated Industry Sectors. It is intended that the Company evolve into a Diversified Holding Company with an emphasis on strong cash generation and earnings per share.

We are now in a position to confirm that the Company’s two initial acquisitions (subject to the fulfilment of conditions precedent) are operating in the gaming business and in futures trading.

It is expected that the first of these acquisitions will be completed and announced this week. These acquisitions are of profitable, cash generative companies with significant scope for accelerated earnings growth. The consolidation of these earnings and cash flow will only be reflected in the Company’s Fourth Quarter ending September 30, 2014.

The Company is now in a position to complete and file its Second Quarterly Report for the period ended March 31, 2014. This will clearly reflect the post reporting period transactions and their effect upon the company’s financial statements.

About GNCC Capital, Inc.:

GNCC Capital, Inc. is a Holding Company which at present has subsidiary companies engaged in Mining Exploration, primarily in Gold, with a secondary focus on Silver. The exploration properties are located in Arizona and consist of “McCracken, Alamo, North Rawhide, White Hills, Esther Basin, Burnt Well, Clara, Kit Carson, Silverfields and Potts Mountain". The Company intends to diversify into other Industry Sectors through acquisition. 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.Ronald Y Lowenthal, 702-951-9793Executive Chairmancorporate@gncc-capital.comorInvestor Relations: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]

GNCC Capital (CE) (USOTC:GNCP)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024