Golcap Resources Announces Private Placement of up to $427,500 of Flow Through Shares

Executive Summary

• Golcap Resources Corp. announced a non‑brokered private placement of up to 1,500,000 flow‑through common shares at $0.285 per share, targeting gross proceeds of up to $427,500.
• Proceeds will be used to incur eligible Canadian exploration expenses (CEE) on the Company’s Quebec mining projects.
• The offering is subject to a four‑month‑and‑one‑day statutory hold period and required regulatory approvals; finder’s fees may apply per CSE policies.

Key Details

• Offering Size: Up to 1,500,000 flow‑through common shares (“FT Shares”).
• Price per Share: $0.285 CAD.
• Maximum Gross Proceeds: $427,500 CAD.
• Use of Proceeds: To incur eligible Canadian exploration expenses (flow‑through mining expenditures) related to Quebec‑based projects.
• Statutory Hold Period: Four months and one day from issuance, in accordance with applicable securities laws.
• Regulatory Conditions: Completion subject to required regulatory approvals; finder’s fees may be payable per CSE policies.
• U.S. Offering Restrictions: Securities not registered under the U.S. Securities Act; cannot be offered or sold in the United States or to U.S. persons absent an exemption.

Notable Quotes

• “The proceeds from this private placement will enable us to advance our exploration program in Quebec and further develop our high‑potential projects,” – Christopher Reynolds, Interim Chief Executive Officer.