GNCC Capital, Inc. Commences Implementation Of Joint Venture
LAS VEGAS, Nov. 15, 2018 /PRNewswire/ -- GNCC Capital, Inc. (OTC: GNCP) ("The Company" and/or "GNCC") refers shareholders to its Shareholder Update filed on the OTC Markets Disclosure Service and on November 8, 2018, a link: https://backend.otcmarkets.com/otcapi/company/financial-report/205993/content
This Joint Venture was designed to equally benefit the Shareholders of both GNCC and our Joint Venture Partner. It is with great pleasure that we are able to confirm that we are now in a position to implement this Joint Venture after innumerable delays in this process.
The Joint Venture Agreement will initially be focused on adding value through exploration work on the following of the Company's Mining Exploration Properties, namely: "Tonopah / East Belmont", "Pearl Spring", "White Hills", "McCracken" and "Yarber Wash". Our Joint Venture Partners' Mining Exploration Properties are primarily in Rare Earths as well as other interests which in the future, could possibly be included in our Joint Venture. GNCC Properties are concentrated primarily in both Gold and Silver.
We confirm that we are now solely focused at present upon the implementation of the Joint Venture. We reiterate that this is the synchronization of all data in respect of all of the Mining Exploration Properties involved in this Joint Venture, revisiting and firming up timelines and the budgets for exploration work to be undertaken and liaising with our Joint Venture Partner's Financiers to line up required tranches of financing based upon the budgets and actual costs being incurred and the timing of exploration work on various properties included in the Joint Venture.
The providing of the data in respect of our Mining Exploration Properties as well as our planning schedules and the final terms with our Joint Venture Partner and their Financiers will be available to our shareholders and they can expect far more detailed information within a very short period of time. We are acutely aware that many shareholders are seeking this detailed information. We are coordinating with our publicly traded Joint Venture Partner and their Financiers as to additional public information flow alongside GNCC and at that time, far more information will be published.
All such information will only be communicated by Press Releases and providing a link to our detailed Information Filings on the OTC Markets Disclosure system.
We stress that your Directors are solely committed to the creation of value for our shareholders and believe that this Joint Venture will accomplish that goal.
We reiterate and indeed stress that all outstanding Financial Reports are going to be completed, filed and the Company returned to that of a "Current Filer" on the "OTC Markets". The current "STOP" annotation is not acceptable and is not helping the Company's credibility.
Shareholders may rest assured that given a heightened investor interest in our Company; GNCC's Directors are aware of the vital importance of their delivery upon all promises made by themselves; and to ensure that all Filings and other deadlines are met without any exceptions or excuses whatsoever.
We truly appreciate the E Mails from many of our shareholders and their insights and their advice to ourselves. We thank our loyal Shareholders for their reasoned, rational and valuable opinions. Their insight has enabled us to better understand our need to respond to our shareholders concerns.
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.
SOURCE GNCC Capital, Inc.
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