GNCC Capital Inc (GNCP)

[moe_the_gyp01]

Whatever makes it happen for ya. Not even per the company's own disclosure do they own anything directly! They lease any mining claims through a third party.

The Company has clearly stated that it is not in the business of “going mining”. with all of the attendant problems
associated therewith and the enormous amount of Management required; but to add value through extensive
exploration work and then to either (a) dispose of properties for cash (b) contract the mining of the properties to
a third party ...

Under our gold and silver Project Acquisition Agreements there are minimum work expenditure requirements per
year per project. Also, we are required to pay the United States Bureau of Land Management (BLM) annual claim
maintenance fees for our claims. If the claim vendors pay the BLM claim maintenance fees on our behalf (and
they are not required to do so), we are required to reimburse them on demand. If we fail to pay any amounts due
to the claim vendors within the requisite cure periods, the claim vendors may terminate our rights to our claims.