GNCC Capital, Inc. Secures Line of Credit Agreement
February 26 2013 - 04:15PM
GNCC Capital, Inc. (Pink Sheets:GNCP) ("the Company") has entered
into a Line of Credit Agreement with Diamond Peak Resource
Corporation ("Diamond Peak") in the amount of $1,000,000 primarily
for the immediate and accelerated development of the Company's
Mining Exploration Properties.
The existing Line of Credit Agreement between the Company and
Diamond Peak in the amount of $829,308 has been terminated and the
Company has issued a long term Convertible Loan Note in that amount
to Diamond Peak.
With Gold being a strong long term investment, the Company is
currently focused on its Gold Exploration properties. The Line of
Credit Agreement will allow for extensive exploration work
resulting in the firming up and substantially improved valuations
of our properties.
The Company remains committed to its long standing pledge not to
issue additional shares of its Common Stock.
The Company, in compliance with the updated OTC Market
Disclosure Rules, today filed a Supplementary Information Statement
setting out the salient points of these transactions with these
various agreements annexed as Exhibits.
This Supplementary Filing and Exhibits can be viewed here:
http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=99991
The Company is completing the final updating and completion of
its web site and is establishing a Social Media presence in order
to keep our stockholders updated in real time.
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 consist of "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. GNCC Capital, Inc. is a current
information filer on the OTC Markets under the symbol "GNCP'.
The GNCC Capital, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=17259
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: GNCC CAPITAL, INC.
N.E. "Ted" Blom - President & CEO
Telephone: (702) 942-3347
E Mail: corporate@gncc-capital.com
Investor Relations Contact:
E Mail: ir@gncc-capital.com
Web Site: www.gncc-capital.com
[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]
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