GNCC Capital Inc (GNCP)

[tommyedwards]

GNCP...Transition Period (February 21, 2019) ttps://backend.otcmarkets.com/otcapi/company/financial-report/212241/content

The Transition Period is to ensure a smooth and orderly transition and for the Current Directors
to:
a) Use their best efforts in order to secure an equitable transaction to dispose of or otherwise
deal with the Mining Exploration Assets held by GNCC in order to best serve the
interests of all of the GNCC shareholders. Furthermore they will ensure that all of the
issued secured shares of Convertible Preferred Stock (in respect of Mining Exploration
Interests) are cancelled*. It is recorded that the current GNCC Directors have for a
considerable period of time, been considering a wide array of options in order to extract
value and this being solely in respect of the GNCC Mining Exploration Interests.
The Company is not ruling out a cash sale of the Mining Exploration Assets and a
Distribution of the proceeds to shareholders of Record.."