Business
GNCC Capital, Inc. - Update On Our Completion Of The Company's Restructuring
GNCC Capital, Inc. - Update On Our Completion Of The Company's Restructuring.
About this update from Gncc Capital, Inc.
[{"type":"text","content":"\n\n\n\nGNCC Capital, Inc. - Update On Our Completion Of The Company's 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. - Update On Our Completion Of The Company's Restructuring\nPR Newswire\nLAS VEGAS, Sept. 3, 2019\n\n\n\nLAS VEGAS, Sept. 3, 2019 /PRNewswire/ -- GNCC Capital, Inc. (OTC:GNCP) (\"The Company\" or \"GNCC\") advised our shareholders on August 21, 2019, see Press Release: https://www.otcmarkets.com/stock/GNCP/news/GNCC-Capital-Inc----Corporate-Actions-Demanded-By-Majority-Of-Companys-Shareholders?id=237967; and again on August 27, 2019, see Press Release: https://www.otcmarkets.com/stock/GNCP/news/GNCC-Capital-Inc---Now-Confirms-Very-Significant-And-Immediate-Restructuring?id=238414.\nFurther to those advisements to our shareholders, the current Company's Directors now confirm as follows:\nThat all the resolutions as set out in those above-mentioned Press Release advisements will be definitely approved by shareholders representing 50.26% of the outstanding shares of GNCC Common Stock. Additional shareholder resolutions have been included.\nCertain of these Agreements include cross border transactions, the acquisition of a large minority interest in a foreign Cannabis Company as well as certain \"Hedging\" and Funding arrangements with third parties.\nWe reasonably expect all of these transactions to be concluded without any further delays as all of the salient points of the various transactions have been agreed upon. The completion of all of the legal agreements required to give effect to all of these transactions is well underway. It is the intention of the outgoing Directors to ensure that every single Agreement is duly executed; prior to their departure. This is vital in order to give our incoming Directors a \"clean slate\" from the date of their appointment and our departure. Mr. R Y Lowenthal will remain as a Director until this weekend to ensure an orderly handover.  \nFurthermore, we confirm that the terms of the sale of the Company's interests in White Hills Gold Exploration, Inc. representing the \"White H...