Golcap Closes Private Placement
GOLCAP RESOURCES CORP.
#2900-733 Seymour Street Vancouver BC V6B 0S6
NEWS RELEASE
GOLCAP CLOSES PRIVATE PLACEMENT
Not for distribution to United States Newswire Services or for dissemination in the United States
Vancouver, B.C. – October 27, 2023‐ Golcap Resources Corp. (CSE: GCP) (the “Company” or “Golcap”) is pleased to announce it has closed its non-brokered private placement previously announced on October 20, 2023. The Company has raised $150,000 through the issuance of 3,000,000 warrants at a price of $0.05 per warrant. Each warrant is exercisable by the holder to purchase one common share at a price of $0.025 for a period of five years expiring October 27, 2028. Proceeds will be used for mineral exploration and general working capital. The warrants will be subject to a four month hold period expiring February 28, 2024.
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
About Golcap Resources Corp.
Golcap Resources Corp. is a mineral exploration company involved in the exploration and development of mineral properties including the initial Tulameen Project. At present none of the Company’s mineral properties are at commercial development or production stage.
FOR FURTHER INFORMATION CONTACT:
Christopher Reynolds Chief Executive Officer
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.