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GNCC Capital, Inc. (GNCP) To Acquire White Hills Gold Exploration Properties For $10 Million
GNCC Capital, a gold and silver exploration company, has reached an agreement to acquire the "White Hills" gold exploration properties for aggregate $10 million. GNCP will form a new wholly owned subsidiary, Subco, to hold the gold property.
"White Hills" is an advanced gold exploration property that will comprise 1,840 acres of staked mining claims and mineral rights. Further details on the property and acquisition agreement can be found in the following filing: dtg.fm/9zcT.
"Based upon proven historical geological and drilling and assay results and data, management is of the opinion that an additional extensive drilling and exploration campaign will yield considerably higher grades than detailed herein and considers this substantial investment to be justified," the company stated in its filing.
Per the agreement, Subco will also pay a net smelter royalty fee of 4 percent and will fund the immediate staking of an additional 82 lode claims around the "White Hills" claims. The transaction is expected to close June 17, 2013.
For more information visit gncc-capital.com
Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net
The Aristocrat Group Corp. (ASCC) Anticipates Rapid Growth This Summer
The Aristocrat Group has been carefully planning two major product launches. Targeting a summer release for both, the company is preparing for major growth in the second half of 2013.
The company's brand management division, Luxuria Brands, is currently prepping its debut product-a gluten-free, ultra-premium vodka made in the USA- which is slated to hit store shelves by this summer. The company just received final federal approval for the spirit's name, label design, and gluten-free branding, and plans to unveil all three as soon as the product's marketing materials can be finalized.
Making a grand entrance into the $5.5 billion U.S. vodka market with a unique product is only the beginning of the company's plans for the summer, however. The company today told investors for the first time that it will follow that launch up by unveiling a second, distinct vodka product featuring an innovative twist on traditional branding and packaging. While ASCC only offered a hint of what's to come, the company did say it plans to release additional exciting details on this new brand of liquor in the coming weeks and months.
"Both of these products are the result of diligent market research and exhaustive taste tests," said ASCC CEO Robert Federowicz. "We're expecting significant growth in store for our company as soon as these spirits reach consumers."
Vodka fans won't have to wait much longer to try Luxuria Brands spirits for themselves. The company is currently in talks with clubs and venues in Las Vegas and Los Angeles about hosting official premiere events promoting the release of its debut vodka.
For more information, visit aristocratgroupcorp.com
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VIASPACE, Inc. (VSPC) And Grain Hill/AGRICORP Sign Agreement For New Grass Plantation And Power Plant In Nicaragua
VIASPACE CEO, Dr. Carl Kukkonen, has returned from Nicaragua after a series of business meetings, the company announced today. The visit resulted in a Joint Development Agreement with Grain Hill/AGRICORP for the creation of a new special purpose company to develop, build, own, and operate a 2,100 acre Giant King™ Grass plantation and a co-located 12 MW biomass power plant on the AGRICORP Agricola Miramontes plantation. Dr. Kukkonen and Grain Hill/AGRICORP CEO and Board President, Amilcar Ybarra-Rojas, signed the agreement.
AGRICORP is a subsidiary of Grain Hill, a diversified agro-industrial business group in the agricultural industry. It has revenues of $300 million per year with operations in Nicaragua, Costa Rica, and El Salvador.
"AGRICORP is a strong and highly respected company," remarked Dr. Kukkonen. "I am confident that together we can rapidly bring this renewable, green energy project to Nicaragua. The key to successful financing and operation of a biomass power plant is having a reliable, low-cost source of biomass for the lifetime of the power plant. With our co-located Giant King Grass plantation, we will be growing our own fuel. Furthermore, AGRICORP is already growing and milling rice on the same plantation. The waste products are rice straw and rice husks and these can be burned in the same power plant. We will have the security of both fuel sources."
VIASPACE Chairman, Dr. Kevin Schewe, added, "Our partnership with AGRICORP is an example of perfect timing. We are actively discussing similar Giant King Grass plantations co-located with power plant projects in several countries around the globe. We believe that our project with AGRICORP in Nicaragua will be an international model that can be scaled and replicated anywhere there is a suitable climate and growing conditions for Giant King Grass. This is the ideal project for VIASPACE because we will receive a license fee for Giant King Grass and also will be an equity partner in the power plant. This is the future and the growth path for our company."
Dr. Kukkonen's trip to Nicaragua was jam-packed with business related to this agreement. He and AGRICORP personnel met recently with government officials and private companies to get project development off the ground. This included obtaining all necessary governmental approvals and licenses, long-term power purchase agreements, debt and equity financing, and a contract with an Engineering Procurement and Construction (EPC) company to build the power plant.
Dr. Kukkonen also met with US Embassy Commercial, Energy and Agriculture officers in Managua, and obtained background information and advice on doing business in Nicaragua. He also met with PRONicaragua, an entity which facilitates foreign investment in Nicaragua.
According to the agreement, VIASPACE and AGRICORP will be equal shareholders and will lead the development of the plantation and power plant project. The companies will solicit debt and equity financing, and interested parties can access a brief description of the project on the VIASPACE website at VIASPACE.com.
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