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GNCC Capital, Inc. - Update On Re-Organization Of Its Mining Exploration Portfolio

Dienstag, 13.10.2015 11:50 von PR Newswire

PR Newswire

NEW YORK, Oct. 13, 2015 /PRNewswire/ -- GNCC Capital, Inc. (OTC: GNCP) ("The Company") announced on October 8, 2015 that the full details in respect of the Company's re-organization of its Mining Exploration Portfolio would be announced on October 12, 2015.

Due to circumstances beyond the control of the Company's Directors, this was not possible.

Stockholders may rest assured that full details and the requisite regulatory filings will be published and filed; and as soon as the Company Directors have obtained the required consent of all parties thereto. Stockholders may be assured that this was simply a matter of timing and that there were absolutely zero material constraints that delayed this publication. There were no amendments to any of these agreements, nor were any conditions precedent unfulfilled; it was simply a requirement (and a courtesy) that the Company's Directors obtained the consent of all parties; in writing, prior to filing of any documentation in respect of this re-organization.

We do however wish to take this opportunity, to provide some illumination and indeed, accurate information, to our stockholders, as follows-

  • The Company's Directors acknowledge that this re-organization was very material; but was considered to be commercially prudent; and
  • The changes to our Mining Exploration Portfolio were brought about, following on from many months of deliberations by our Company's Directors; as well as with our own external Consultants; and
  • Any Joint Venture discussions considered to be of serious import as at this date; relate to the Company's new "Tonopah" Silver Exploration Properties; and to a lesser degree, the Company's "White Hills" Gold Exploration Properties. We record this information, solely because it has been, a subject of speculation in Social Media Postings, Investor Chat Forums and in numerous e mails addressed to the Company; and
  • The company is not in a position to provide any additional details in respect of any negotiations on any single (and/or or multiple) properties; until such time as any such negotiations have been successfully concluded, the requisite agreements consummated, filed and made public.

About GNCC Capital, Inc.:

GNCC Capital, Inc. is intending to become a Diversified Holding Company which at present has significant assets in Gold & Silver Mining Exploration in Arizona and Nevada. 

The Company holds additional investments including a 70% interest in ASPA Gold Corp.

The Company intends to continue to diversify into other Industry Sectors through acquisitions and as they present themselves; only upon our stated criteria. The Company 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.

Contact Information:

GNCC CAPITAL, INC.

Ronald Y Lowenthal 
Executive Chairman 
Telephone: (702) 951-9793
E Mail: corporate@gncc-capital.com

Investor Relations Contact:
E Mail: investor@gncc-capital.com 
Web Site: www.gncc-capital.com
Twitter: 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]

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gncc-capital-inc---update-on-re-organization-of-its-mining-exploration-portfolio-300158563.html

SOURCE GNCC Capital, Inc.