GNCP GNCC Capital Inc (CE)

GNCC Capital, Inc. (OTC:GNCP) clarifies as to the rationale behind the delayed filing of our Q1 Report for the period ended December 31, 2013.

The Company has been examining certain strategic options for a very long period of time in the interests of enhancing stockholder value and the strengthening our Balance Sheet and now believes that these transactions will be consummated before the filing of the Company’s Q2 report for the period ended March 31, 2014, to be filed on or before May 15, 2014.

Due to a number of approaches from various asset managers and subsequent opinions from our legal Counsel, Company Management was only finally convinced that these long cherished and desired strategic options were now viable and doable, and in the past six weeks.

This makes our Q1 filing vitally important as it be the last financials filed whilst these strategic deals are consummated and announced as the Q2 Report will only be filed on May 15, 2014, this being post the consummation and announcement of these transactions. This is expected to result, in our opinion, a very positive and aggressive addition to the execution of our long stated business model. A lot of additional information is being added to this Q1 filing, the reasons for this will become apparent once these strategic deals are announced.

The Company is not in a position to discuss these strategic deals until they are consummated and announced as these arrangements directly and very materially affect the position of other publicly quoted companies.

We can confirm that these deals do not involve any acquisition or disposal of any Mining Exploration Properties nor do they involve any third party Joint Ventures, this being premature at this stage of the Company’s development.

Secondly, the Company had been presented with a State Franchise Tax Bill of $50,465.32 for the period ended December 31, 2013, the Q1 Filing period. On April 9, 2014, the State Franchise Tax Bill was finally settled and in the amount of $539.25 and this is being paid and filed with the State today, April 10, 2014, restoring the Company to that of Good Standing in the State of Delaware. This revised tax bill will now be reflected in the Q1 Financial Statements.

The Company’s Management have always prided themselves on the Company being a “Current Information Filer” on the OTC Markets and the decision to delay the filing of the Q1 report was a difficult choice as it resulted in a “Stop” annotation being placed against the Company. This placed the Company in a very negative light with market participants and stockholders. Secondly it served to appear as though the Company Management’s was either inept or incapable of meeting their own self-imposed publicly announced time deadlines.

The Company’s Management and Advisors are now completing the revamped and updated Q1 filing and will finally, be filed. Upon its filing, the Company will again be restored to that of a Current Information Filer.

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, 702-951-9793President & CEOcorporate@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 whom will deal with all telephonic enquiries]

GNCC Capital (CE) (USOTC:GNCP)
Historical Stock Chart
Von Nov 2024 bis Dez 2024

GNCC Capital (CE) (USOTC:GNCP)
Historical Stock Chart
Von Dez 2023 bis Dez 2024