GNCC Capital Inc. (OTCMKTS:GNCP) moved in range after the company confirmed that its directors had agreed to enter material discussions. The company said a credible Corporate Finance Company had approached it to raise the funding necessary to effect an option regarding the Lithium Exploration Properties.
The raise will offer additional funding to allow GNCC Capital to purchase an established company generating cash flow and revenue. Most importantly, GNCCDirectors wish to end an almost six-month saga as soon as possible to ensure that any transactions agreed on will enhance shareholder value.
Recently the company confirmed the filing of the Q3 Report for the period ending June 30, 2021, on July 20, 2021. The report included a detailed and updated letter from the Chairman encompassing significant updates on all the previously closed transactions. The letter also includes financing options relative to the expected acquisition of Lithium Exploration properties revealed on June 25, 2021. With the material discussions progressing, GNCO is worth keeping an eye on.
On Monday, GNCP stock gained 9% at $0.0006 with more than 930.04 million shares, compared to its average volume of 330.68 million shares. The stock had moved within a range of $0.0004 – 0.0006 after opening the trade at $0.0005.