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Financings

Golcap Announces Closing of Debt Settlement

By The Northwire Desk — AI Analysis Dec 11, 2025 · 17:34 GCP · 0.23 Golcap Resources Corp
GCP · Price

Executive Summary

  • Golcap Resources Corp. has completed a debt settlement agreement, extinguishing $75,600 of outstanding debt to an arm’s‑length creditor.
  • The settlement was satisfied by issuing 200,000 common shares at a deemed price of $0.378 per share.
  • Issued shares are subject to a four‑month‑plus hold period that expires on April 11 2026; the cash saved will be used for working capital.

Key Details

  • Debt extinguished: $75,600 owed to an arm’s‑length creditor.
  • Equity consideration: 200,000 common shares issued at a deemed price of $0.378 per share (aggregate nominal value $75,600).
  • Hold period: Shares subject to a four‑month and one‑day lock‑up, expiring April 11 2026.
  • Purpose: Preserve cash for working capital needs as determined by the Board of Directors.
  • Signatories: Interim CEO Christopher Reynolds; Director Garry Stock.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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