Lara Exploration acquires four million Golcap shares

Executive Summary

• Lara Exploration Ltd. acquired 4 million common shares of Golcap Resources Corp., representing a 12.55% ownership stake, at a deemed price of $0.25 per share.
• The shares are held in escrow and may be returned to treasury or cancelled under the terms of the option agreement.
• This acquisition triggers an early‑warning filing under NI 62‑103 and is disclosed for regulatory compliance.

Key Details

• Acquisition Size: 4,000,000 common shares of Golcap Resources Corp.
• Ownership Percentage: 12.55% of Golcap’s issued and outstanding common shares post‑closing.
• Deemed Purchase Price: $0.25 per common share (total implied value = $1.0 million).
• Transaction Structure: Shares were acquired in connection with the closing of a property option agreement; they are held in escrow pending fulfillment of specific conditions.
• Potential Future Actions: Shares may be returned to Golcap’s treasury and cancelled, or Lara may acquire/dispose additional securities based on market assessment and regulatory requirements.
• Regulatory Filing: Early warning report filed under Section 3.1 of National Instrument 62‑103; available on Golcap Resources’ SEDAR+ profile.

Notable Quotes

(No direct quotes provided in the release.)