GNCC Capital Inc (OTCMKTS: GNCP) has spoken about its acquisition of about 48 Lithium lode claims. The company has confirmed its progress so far, outlining that it is already in the draft stage. It considers the two deals underway as rather promising to its financial future. It considers the possibility of a failure in securing the finances and outlines the possibilities in that regard. The company claims that the optioners might be the new point of focus. It says so based on the fact that the optioners might choose to amend the terms payment terms.
GNCC Capital Inc speaks out on the payments
GNCC Capital Inc speaks about the transaction, outlining a figure of about $2,500,000. The pay could be a staggered one to be completed over an extended period. The company also hints at some additional costs. The options at hand have only been cut out on a cash basis. It is rather interesting that the optioners in question don’t seem open to equities coming in any other form for a possible settlement.
Premier Development & Investment, Inc happens to be one of the largest shareholders in the company, and that could be a good thing, according to analysts. The shareholder could choose to finance the transactions in question, considering that it has enough cash at hand to do so.
The company’s controlling shareholders have lately been debating the above possibility as one way the company could reach its goals. They might soon present whatever they settle for in their discussions, and maybe that could be what the company needs during this challenging moment.
Analysts have been considering the matter and trying to establish why Premier would be interested in such a deal. They believe that the shareholder could make such a move either on an arm’s length basis or if impressed by the commercial terms in question.
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