GNCC Capital, Inc. (OTC: GNCP) confirms that it is in advanced talks with a number of parties to add additional lines of credit for additional and more extensive exploration work and for general corporate purposes.

These approaches in respect of further loan facilities were unsolicited by the Company and the Company will be capitalizing upon this increasing interest in our business from various financiers.

The Company has significantly increased its exploration expenditure and intends to continue to do so. Additional credit facilities are not required by the Company for the next financial quarter but Management has elected to increase the working capital which has now become available to the Company.

The Company’s additional loan facility in respect of its “White Hills” property is more than sufficient for the exploration work planned for that property.

The Company will not be issuing any additional shares of its Common Stock in respect of the increase in its credit facilities.

About GNCC Capital, Inc.:

GNCC Capital, Inc. is primarily a Gold Exploration Company, with a secondary focus on Silver Exploration. The Company’s current 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. GNCC Capital, Inc. is a current information filer on the OTC Markets under the symbol “GNCP”.

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 – President & CEOTelephone: (702) 951-9793E Mail: corporate@gncc-capital.comorInvestor Relations: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 who will deal with all telephonic enquiries]

GNCC Capital (CE) (USOTC:GNCP)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more GNCC Capital (CE) Charts.
GNCC Capital (CE) (USOTC:GNCP)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more GNCC Capital (CE) Charts.