Golcap Increases and Closes First Tranche of Flow Through Share Financing

Executive Summary

• Golcap Resources Corp. closed the first tranche of its non‑brokered private placement, issuing 1,403,508 flow‑through common shares at $0.285 per share for gross proceeds of $399,999.78.
• The company also issued 84,210 finder warrants at the same price and paid a $24,000 commission; an additional subscription of $285,000 has been received with the final tranche expected to close around December 1, 2025.
• Proceeds will be used for eligible Canadian exploration expenses on Quebec properties, with qualifying expenditures to be renounced to investors by Dec 31, 2025.

Key Details

• Shares Issued: 1,403,508 flow‑through common shares (“FT Shares”).
• Issue Price: $0.285 per FT Share.
• Gross Proceeds (first tranche): $399,999.78.
• Commission Paid: $24,000.
• Finder Warrants Issued: 84,210 warrants at $0.285 per warrant, two‑year term expiring Nov 27, 2027.
• Holding Period: All securities subject to a four‑month‑plus‑one‑day hold period, expiring Mar 28, 2026.
• Additional Subscription Received: $285,000; final tranche expected ~Dec 1, 2025.
• Use of Proceeds: To incur eligible Canadian exploration expenses (“Qualifying Expenditures”) on Quebec properties that qualify as critical flow‑through mining expenditures under the Income Tax Act (Canada) and the Taxation Act (Quebec).
• Renunciation Deadline: Qualifying Expenditures to be renounced to FT Share purchasers no later than Dec 31, 2025.

Notable Quotes

(No direct quotes were provided in the release.)