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LAS VEGAS, May 21, 2021 /PRNewswire/ Premier Development & Investment, Inc. (PDIV.PK) ( The Company or Premier ) confirms that it has acquired a loan due and payable by GNCC Capital, Inc. (GNCP.PK) and from a third party.
Premier is already the largest stockholder in GNCC Capital, Inc.
Premier is treating its shareholding in and its loans to GNCC as Investments and will not be seeking to acquire GNCC Capital, Inc.
The amount of this loan acquired was $3,425,081.
Premier has disclosed full details on an OTCIQ Filing today. This Filing clearly sets out Premier s intentions and details our accounting treatment. A link to this Filing: https://backend.otcmarkets.com/otcapi/company/financial-report/284472/content