GNCC Capital, Inc. (OTCPK:GNCP) is seeking acquisition opportunities. GNCC Capital is currently evaluating an acquisition of a gold exploration property which is significantly larger than any exploration property in its present portfolio. This acquisition will be funded through a combination of new preferred stock in the GNCC Capital and long term loan notes. GNCC Capital remains committed to its long standing pledge not to issue additional shares of its common stock. GNCC Capital, upon the completion of this acquisition, will substantially increase the amount of the existing $1 million credit facility from Diamond Peak and source additional available credit facilities, should it so require.

GNCC Capital, Inc. announced financial results for the first quarter ended December 31, 2012. For the quarter, the company posted a loss of $301,684 equating to $0.0015 per share. The company's losses in 2012 were lower than anticipated as the company delayed it's commencement of exploration work until February 2013. These losses were in line with the guidance given by the company with it being in an Exploration Stage at this time.

GNCC Capital, Inc. announced that they will report Q2, 2013 results on May 15, 2013