Golcap Resources closes final tranche of 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 C$0.285 per share for gross proceeds of C$285,000.
• The company paid a commission of C$17,100 and issued an additional 60,000 finders’ warrants (also priced at C$0.285) exercisable for two years, expiring on Dec 1 2027.
• All securities are subject to a four‑month‑and‑one‑day hold period ending Apr 2 2026; proceeds will be used to incur eligible Canadian exploration expenses in Quebec and will be renounced to purchasers by Dec 31 2025.

Key Details

• Shares Issued: 1,000,000 flow‑through common shares
• Price per Share: C$0.285
• Gross Proceeds: C$285,000
• Commission Paid: C$17,100
• Finders’ Warrants: 60,000 warrants at C$0.285 each; two‑year term, expiring Dec 1 2027
• Hold Period: Four months and one day (expires Apr 2 2026) for all securities issued in this tranche
• Use of Proceeds: To incur eligible Canadian exploration expenses on Quebec properties that qualify as flow‑through mining expenditures under the Income Tax Act (Canada) and the Taxation Act (Quebec)
• Renunciation Deadline: Purchasers will receive renounced qualifying expenditures no later than Dec 31 2025

Notable Quotes

(No CEO/President quotes were provided in the release.)