GNCC Capital Inc (GNCP)

[TheFutureForsure]

GNCP - Apparently many here seem to care about these CLAIMS???????????

Wonder Why they Are So IMPORTANT????

Especially with the GOLD ASSET BACKED DOLLAR COMING!!!!!!!!

Why Would GNCP Put this Information in their own Disclosure?????

https://backend.otcmarkets.com/otcapi/company/financial-report/145536/content

STARTING at PAGE 10 or 18 from
Beginning!!!!!!!!!

{{{{{{ Transfer of Titles }}}}}}}

{{{{{{{{ GNCC Capital, Inc. (“The Company”) on all and/or any of its Mining Exploration Properties may obtain the Title to the Property which shall be transferred to the Company only upon completion of each and every one of the following conditions:

(a) The completion of a "positive" feasibility study for the Property,

(b) The making of an affirmative production decision for the Property by Company's and any parent corporation's Boards of Directors and

(c) Presentation to Claimholder of evidence satisfactory to Claimholder that Company has obtained the financing necessary to develop and operate the Property. Unless there is an uncured default by the Company that is continuing, Claimholder shall deliver to Company, within 5 (five) business days of the notice of satisfaction of the conditions set forth in the previous sentence, a special warranty deed in form satisfactory to Company transferring title to a 100% (One hundred percent) interest in the Property, and reserving to Claimholder the net profits interest ("NPI") in production from the Property and the net smelter returns royalty ("NSR"). Company shall promptly record said deed with the County Recorder and with the Arizona State Office of the Bureau of Land Management. }}}}}}}}}

{{{{{{ Following transfer of title to the Property, Company shall pay to Claimholder (i) the Claimholder's Net Profits Interest (“NPI”) and (ii) the Claimholder's Net Smelter Return (“NSR”) royalties. }}}}}}

{{{{ Company's obligation to make payments shall cease to accrue on the first to occur of (i) completion by Company of mining operations, residual leaching and reclamation in the Project Area or (ii) other decision of Company to terminate operations in the Project Area and, if Claimholder so desires, to re-convey the property to Claimholder once reclamation and other environmental obligations have been satisfied, although this provision shall not relieve Company from its obligation to make payments that accrued prior to such occurrence.}}}