Mineral Road to Acquire Additional Interest in Golcap Resources

Executive Summary

• Mineral Road Discovery Inc. entered a Share Purchase Agreement to acquire an additional 2,000,000 shares of Golcap Resources Corp., representing ~6.2% of GCP.
• Consideration: 5,000,000 ROAD units (each unit = 1 common share + 1 warrant) valued at $0.10 per unit; warrants exercisable for 2 years at $0.20 per share.
• Transaction is a related‑party deal under MI 61‑101; closing subject to CSE filing/approval and a four‑month hold period on the issued securities.

Key Details

• Target: Golcap Resources Corp. (CSE: GCP) – Canadian gold exploration company.
• Shares Acquired: 2,000,000 shares of GCP (~6.2% ownership).
• Consideration: 5,000,000 ROAD units; deemed value $0.10 per unit → total implied consideration ≈ $500,000.
• Unit Structure: Each ROAD unit = 1 common share + 1 warrant to purchase 1 additional common share at $0.20 for the next 2 years.
• Related‑Party Nature: Seller is a private company controlled by Road director Damien Reynolds; transaction relies on MI 61‑101 exemptions (valuation <25% of market cap, no minority shareholder approval required).
• Closing Conditions:
• Completion of required CSE filings and any necessary CSE approvals.
• Issued shares and warrants will be subject to a four‑month hold period per securities law.
• Director Overlap: Garry Stock serves as director of both Road and GCP.

Notable Quotes

(No executive quotes provided in the release.)