PR Newswire
LAS VEGAS, March 21, 2022
LAS VEGAS, March 21, 2022 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company", "GNCC" or "GNCP") refers to their Press Release dated March 16, 2022, a link for ease of reference: https://www.otcmarkets.com/stock/GNCP/news/GNCC-CAPITAL-INC-CONFIRMS-COMPLETION-OF-LITHIUM-TRANSACTIONS?id=347976
We have today filed the requisite Regulatory OTCIQ Filing complete with the Agreements as is required for Material Transactions. These will be available by no later than 09:00 AM EST today. A Link: https://www.otcmarkets.com/stock/GNCP/disclosure
GENERAL:-
The transactions were effected by and between USA Lithium Holdings Corporation ("USAL"), a wholly owned subsidiary company of GNCC Capital, Inc. and American Lithium Minerals, Inc. (AMLM.PK) ("AMSL"). The financing on a secured basis has been provided by Premier Futures, Inc. ("PFI") which is a wholly owned subsidiary Company of Premier Development & Investment, Inc. (PDIV.PK) ("Premier". Premier is the single largest shareholder of GNCC.
PFI is providing cash advances to USAL totaling no less than $1,375,000 in respect of this transaction.
Premier has elected not to announce nor to make any Regulatory Filings in respect of these transactions as it is not deemed to be a material transaction for Premier.
MANAGEMENT COMMENTARY:-
Your Directors will be providing detailed research reports and our exploration planning on the new GNCC Corporate website; expected for completion this week with an additional further and material update as our other Company's Mining Exploration interests later this week.
Your Directors elected not to overwhelm our shareholders with a deluge of geographical and other data today (this will be on the website due to the sheer amount of information) but to rather introduce our shareholders to what will be material part of your Company's business operations with immediate effect.
Furthermore your Directors believe that our Press Release dated March 16, 2022 comprehensively expressed our pleasure and the enormously positive impact that this transaction has upon our Company. We do not feel it necessary to express further appreciation to all parties involved in this transaction.
SILVERPEAK LITHIUM AND URANIUM PROPERTY DESCRIPTION:-
Shareholders are directed to the filed Agreements as mentioned in this Press Release in order to fully understand the nature of this transaction as well as all geographical co-ordinates listed in the Exhibits.
The salient initial points to which we wish to draw your attention to is as follows:-
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:
Twitter: https://twitter.com/gncccapital
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SOURCE GNCC Capital, Inc.
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