GNCC CAPITAL, INC. PROVIDES A FINAL UPDATE ON MATERIAL TRANSACTION
GNCC Capital, Inc. (GNCP) announces significant updates regarding its Lithium transaction, which is now 250% larger than initially reported, affecting both the number of Claims and acreage involved. The delay in closing the transaction is attributed to this substantial amendment. Final agreements with the Seller and Joint Venture Partner are underway, with further details to be disclosed in an upcoming press release. Financing for the transaction has been secured and will be made available immediately, alongside improvements to the corporate website for better shareholder communication.
- Lithium transaction increased by 250% in size, enhancing potential resource value.
- Financing for the enlarged transaction has been secured and is available immediately.
- The company plans to improve its corporate website for better investor communication.
- The closure of the transaction has been delayed due to the significant amendments.
LAS VEGAS, March 3, 2022 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company" or "GNCP") refers to our Press Release dated February 10, 2022, a link: https://www.otcmarkets.com/stock/GNCP/news/GNCC-CAPITAL-INC-CONFIRMS-MATERIAL-TRANSACTION-TO-BE-ANNOUNCED?id=343233.
The Lithium transaction has been amended and is now substantially larger than previously announced. It is effectively
Your Directors and the Seller/Joint Venture Partner (they are also a publicly traded company) are finalizing all of the various final revised Agreements over the next few days; and upon signature will be filing them on OTC Markets as it is a material event. A Press Release detailing the transactions will be released upon the same day. The financing has been secured and is available immediately.
We will be working on the corporate web site next week which will provide shareholders and investors will accurate and constantly updated information. This was a condition of the financing of this transaction.
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.
Telephone: (702) 990-0156
Investor Relations Contact:
E Mail: investor@gncc-capital.com
Twitter: https://twitter.com/gncccapital
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SOURCE GNCC Capital, Inc.
FAQ
What recent updates has GNCC Capital (GNCP) made regarding its Lithium transaction?
When will GNCC Capital provide further details about the amended Lithium transaction?
What does the financing secured by GNCC Capital mean for its Lithium transaction?
How is GNCC Capital improving communication with shareholders?
