GNCC CAPITAL, INC. CONFIRMS MATERIAL TRANSACTION TO BE ANNOUNCED

GNCC Capital, Inc. (GNCP.PK) has announced that it is likely to reveal a significant transaction in the Lithium Sector soon.

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Rhea-AI Summary

GNCC Capital, Inc. (GNCP.PK) has announced that it is likely to reveal a significant transaction in the Lithium Sector soon. This transaction marks a strategic shift towards Lithium Exploration. Key points include:

Financing for the deal has been secured.
The project encompasses 24 Lode Claims across approximately 460 acres.
No new shares will be issued; the transaction will be entirely cash-based.
The Company's President will manage the project with a specialized consulting firm.

Details will be filed on OTC Markets following final agreements.

Positive

Secured financing for the Lithium Sector transaction.
Transition to Lithium Exploration, indicating potential growth.
Project consists of 24 Lode Claims on 460 acres, suggesting significant resource potential.
No dilution risk for shareholders as no shares are being issued.

Negative

None.

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02/10/2022 - 01:26 PM EST

LAS VEGAS, Feb. 10, 2022 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company" or "GNCP") can now confirm in your Directors' opinion that they are highly likely to be announcing a material transaction in the Lithium Sector and as early as next week. Your Directors can guarantee that shareholders will be updated accordingly and as fast as is possible.

At this point, we are able to disclose as follows:-

The Company upon consummation of this transaction will primarily be in the business of Lithium Exploration; and
The Financing for the transaction has been secured; and
The Project is made up by 24 Lode Claims upon some 460 acres.
No shares are being issued whatsoever in respect of this transaction, it is all cash.
The Company's President, Mr. Blom will be overseeing and managing this Project with the assistance of specialized Consulting Firm.

Your Directors and the Seller are finalizing all of the various 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. At this point, your Directors have absolutely no reason to expect any delays whatsoever as the financing has been secured and is available immediately.

We are now in the process of establishing a corporate web site 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

View original content:https://www.prnewswire.com/news-releases/gncc-capital-inc-confirms-material-transaction-to-be-announced-301480109.html

SOURCE GNCC Capital, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is GNCP's upcoming transaction in the Lithium Sector?

GNCP is likely to announce a significant transaction focused on Lithium Exploration, with details expected soon.

How is the transaction being financed for GNCP?

The financing for the transaction has been secured and will not involve issuing new shares.

What does the GNCP Lithium project consist of?

The project consists of 24 Lode Claims covering approximately 460 acres.

Who will manage the Lithium project for GNCP?

The Company's President, Mr. Blom, will oversee the project with assistance from a specialized consulting firm.

When will GNCP release details about the transaction?

GNCP will file details on OTC Markets once final agreements are signed.

GNCC CAPITAL, INC. CONFIRMS MATERIAL TRANSACTION TO BE ANNOUNCED