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GNCC Capital, Inc. - Company Confirms That Majority Of Shareholders Have Ratified Company Restructuring
GNCC Capital, Inc. - Company Confirms That Majority Of Shareholders Have Ratified Company Restructuring.
About this update from Gncc Capital, Inc.
[{"type":"text","content":"\n\n\n\nGNCC Capital, Inc. - Company Confirms That Majority Of Shareholders Have Ratified Company Restructuring\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGNCC Capital, Inc. - Company Confirms That Majority Of Shareholders Have Ratified Company Restructuring\nPR Newswire\nLAS VEGAS, Sept. 30, 2019\n\n\n\nLAS VEGAS, Sept. 30, 2019 /PRNewswire/ -- GNCC Capital, Inc. (OTC: GNCP) (\"The Company\" or \"GNCC\") advised our shareholders on August 21, 2019, August 27, 2019 and on September 3, 2019 that it was confirmed that a majority of the Company's Shareholders would serve notice upon the Company to enforce and indeed ratify all of these very material transactions as set out in these Press Releases.\nWe can now confirm that shareholders voting in excess of 51% of the shares of the Company's outstanding Common Stock have now finally signed a Shareholder Resolution with all of the previously announced demands now having being ratified and with immediate effect. \nYour current Board of Directors has now ratified and accepted all of these Shareholder Resolutions as we are required, by law.\nGiven that all of these Shareholder Resolutions include a new Board of Directors, shareholders will now receive updates this week, and possibly as early as this week, from the new Board of Directors.\nWe can confirm that these updates include cross border transactions, the disposal of the majority of the Company's Mining Exploration Interests, the acquisition of a large minority interest in a foreign Cannabis Company, the appointment of a new Board of Directors, a number of material transactions as well as certain \"Hedging\" and Funding arrangements with third parties. \nOn a separate advisement; we confirm that the Company did commence trading in Futures Contracts some two weeks prior to this announcement and in very material financial terms, the initial trading having exceeded $10 million in contracts traded for this period. This will be accounted for in the Annual Financial Statements to September 30, 2019.\nThe current and the incoming GNCC Directors are of the opinion that all ...