Golcap Resources Closes Final Tranche of Flow Through Share Financing

Executive Summary

• Golcap Resources Corp. closed the final tranche of its non‑brokered private placement, issuing 1,000,000 flow‑through common shares at $0.285 per share for gross proceeds of $285,000.
• The company paid a commission of $17,100 and issued an additional 60,000 finder warrants (also priced at $0.285) with a two‑year term expiring December 1, 2027.
• All securities are subject to a four‑month‑plus‑one‑day hold period (expiring April 2, 2026); proceeds will be used for eligible Canadian exploration expenses on Quebec properties and the related tax benefits will be renounced to purchasers by Dec 31, 2025.

Key Details

• Offering Size: 1,000,000 flow‑through common shares (“FT Shares”).
• Price per FT Share: $0.285.
• Gross Proceeds: $285,000.
• Commission Paid: $17,100.
• Finder Warrants: 60,000 warrants issued at $0.285 per warrant; two‑year term expiring December 1, 2027.
• Hold Period: Four months and one day for all securities, ending April 2, 2026.
• Use of Proceeds: To incur eligible Canadian exploration expenses (“Qualifying Expenditures”) on Quebec properties that qualify as flow‑through mining expenditures under the Income Tax Act (Canada) and the Taxation Act (Quebec).
• Renunciation Deadline: Golcap will renounce the Qualifying Expenditures to FT Share purchasers no later than December 31, 2025.

Notable Quotes

(No executive quotes were included in the release.)