GNCC CAPITAL, INC. UPDATES AND CLARIFIES ON CERTAIN ISSUES

Rhea-AI Summary

GNCC Capital, Inc. (GNCP) has announced that its new website is in development and nearing launch, aimed at providing comprehensive information to shareholders. This initiative is intended to counteract misinformation online. Shareholders are advised to disregard any temporary 'live' versions of the site. Additionally, the company addressed concerns regarding its outstanding shares, stating that no shares have been deposited into the DTCC since November 2021. GNCC is returning to physical exploration work related to its 'Silverpeak' Lithium and Uranium transaction, with further details to be available on the new website.

Positive

• Launch of a new comprehensive website for shareholder information.
• Return to physical exploration work may increase company value.

Negative

• No shares deposited in DTCC since November 2021 may raise liquidity concerns.

LAS VEGAS, March 31, 2022 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company", "GNCC" or "GNCP") confirms that the design on the new website is well underway and is expected to go "live" very shortly. We elected to create an exhaustive and informative website addressing as many issues as possible complete with the ability for our shareholders to register for information updates.

We are attempting to achieve providing as much information as is possible on this website in order to avoid having our shareholders being misled by false and misleading information posted on the Internet.

Shareholders are advised to please ignore any "live" website until we announce that it is completed. The website design firm occasionally takes the work in progress website "live" for short periods of time which is creating confusion amongst shareholders.

We elected to give our website design firm "creative license" given their experience in creating and managing Corporate Investor Relations websites.

Shareholders appear to be concerned about our outstanding shares as verified and displayed under your Company's Profile on the OTC Markets website. We are Transfer Agent verified with the OTC Markets and our Transfer Agent advised us that they submit these correct numbers on the last day of the month; that being today. Those numbers being submitted by the Transfer Agent are the same as are reflected on the OTC Markets website. To clarify, no shares of Common Stock have been deposited into the DTCC since November of 2021 and the DTCC deposit numbers have remain unchanged since then.

In respect of all of voluminous data pertaining to our "Silverpeak" Lithium / Uranium transaction, coupled with detailed research reports and our initial exploration planning; this will be available for download on the new GNCC Corporate website. Your Directors are delighted to be returning to the business of actual physical exploration work which we hope will result in significant increases in the value of your Company's interests.

We restructured the Company's Gold & Silver Exploration Interests into a different subsidiary Company of GNCC and dissolved the previous two GNCC subsidiary companies which had held these interests. This was effected due to potential expansion of those interests and we wished to have them unencumbered; prior to that, these interests were encumbered to certain Preferred Shareholders. 

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:
Email: investor@gncc-capital.com 
Twitter: https://twitter.com/gncccapital

 

 

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SOURCE GNCC Capital, Inc.

FAQ

What updates did GNCC Capital (GNCP) provide on their new website?

GNCC Capital announced that their new website is nearly ready to launch, focusing on providing extensive information to shareholders.

Why should GNCC shareholders ignore any 'live' website versions?

Shareholders are advised to ignore 'live' versions of the website as they may be incomplete and misleading during the design process.

What is the status of GNCP's outstanding shares?

GNCP confirmed that no shares of Common Stock have been deposited into the DTCC since November 2021.

What business activities is GNCC Capital returning to?

GNCC is returning to physical exploration work related to its 'Silverpeak' Lithium and Uranium transaction.

When will more information about GNCC's projects be available?

Further details on GNCC's projects will be made available for download on the new corporate website once it goes live.