NEW YORK, June 20, 2013 (GLOBE NEWSWIRE) -- GNCC Capital, Inc. (Pink Sheets:GNCP) ("the Company") announces as follows:
- The Company does not require any additional funding in this fiscal year in order to achieve their stated objectives. The Company's management has secured the requisite funding to meet its stated objectives for this fiscal year
- The Company now has a significantly larger base of sound economic and potential low cost production Gold Mining Assets. Given the Company's stated objectives, this acquisition is expected to move the Company into a Joint Venture / Revenue Producing Arena; at an accelerated rate, as previously envisaged by the Company's Management.
- The Company's strategy is to generate revenue streams from the Joint Venture Agreements on its Properties, the proceeds to be deployed in the acceleration of exploration for other potentially viable Gold Properties in its portfolio, thereby leading to further Joint Venture Agreements, and cash flow.
- The Company will also expend funds on further development on certain of its properties with a view to a sale of advanced stage exploration properties.