Golcap arranges $427,500 private placement

Executive Summary

• Golcap Resources Corp. announced a non‑brokered private placement of up to 1.5 million flow‑through common shares at C$0.285 per share, targeting gross proceeds of up to C$427,500.
• Proceeds will be used to fund eligible Canadian exploration expenses for the company’s Quebec mining projects.
• Shares are subject to a four‑month‑and‑one‑day statutory hold period; completion is pending regulatory approvals and possible finder’s fees.

Key Details

• Placement Size: Up to 1,500,000 flow‑through common shares.
• Price per Share: C$0.285 (28.5 cents).
• Maximum Gross Proceeds: C$427,500.
• Use of Proceeds: To incur eligible Canadian exploration expenses that qualify as flow‑through mining expenditures under the Income Tax Act (Canada) for Quebec‑based projects.
• Statutory Hold Period: Four months and one day from issuance.
• Regulatory Conditions: Completion subject to required regulatory approvals.
• Finder’s Fees: May be payable in accordance with Canadian Securities Exchange policies.

Notable Quotes

(No quotes were provided in the release.)