Original News Release
Golcap Resources issues 200,000 shares for debt
Mr. Christopher Reynolds reports
GOLCAP ANNOUNCES CLOSING OF DEBT SETTLEMENT
Golcap Resources Corp. has closed the previously announced debt settlement agreement to settle outstanding debt owed to a certain arm's-length creditor totalling $75,600.
Pursuant to the settlement agreement, the company has issued an aggregate of 200,000 common shares at deemed price of 37.8 cents per share. The shares issued are subject to a four-month-and-one-day hold period expiring April 11, 2026.
The board of directors has determined that completing the debt settlement is in the best interests of the company as it will preserve cash for working capital purposes.
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