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Sunday, September 02, 2018 11:21:42 PM
That will not be TRADING on Any Market
With $0.05 FIVE Cent Annual Dividends
Can’t Convert for at least 1 Year from April 22nd 2018.
And issued at $1.00 One Dollar per share
https://backend.otcmarkets.com/otcapi/company/financial-report/191432/content
AUTHORIZATION OF SERIES X CONVERTIBLE PREFERENCE SHARES
The Directors of GNCC Capital, Inc. filed a Certificate of Amendment of Certificate of Incorporation, with the Secretary of State in Wyoming; to authorize the Series X Convertible Preference Shares.
The salient terms of the UNSECURED NON VOTING Series X Convertible Preference Shares:-
Number of Authorized: 30,000,000 (Thirty million) Par Value: $0.00001
Annual Dividend per share: $0.05 (Five cents)
Convertible at the Holder’s Option (AND ONLY after a period of one year from the date of Issuance) and into shares of Common Stock, at a pre-determined price per share of the Common Stock.
These Series X Convertible Preference Shares will not be admitted for trading on any market.
These Series X Convertible Preference Shares being issued and at a price of $1.00 (One dollar) each; will settle the capital (and accrued interest to June 30, 2015); being amounts owed to the Holders of all outstanding Convertible Loan Notes and Loans owed by the Company.
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