Golcap Announces Share Consolidation
GOLCAP RESOURCES CORP.
595 Burrard Street, Suite 3043, Vancouver, British Columbia, V7X 1J5
NEWS RELEASE
GOLCAP ANNOUNCES SHARE CONSOLIDATION
Vancouver, B.C. – May 3, 2022‐ Golcap Resources Corp. (CSE: GCP) (the “Company” or “ Golcap”)
announces that the board of directors of the Company have approved by board resolution consolidation of
all of its issued and outstanding securities on a three (3) for one (1) basis pursuant to the policies of the
Canadian Securities Exchange. Currently, the Company’s authorized share capital is an unlimited number
of common shares without par value, of which 27,933,546 shares are issued and outstanding with a further
10,000,000 shares reserved for issuance upon the exercise of outstanding warrants and 1,735,000 sha res
reserved for issuance upon the exercise of outstanding options . Following consolidation and subject to
rounding, Golcap will have issued and outstanding 9,311,812 common shares, subject to shares being issued
pursuant to outstanding warrants and options being exercised prior to the effective date of the consolidation.
The board of directors believe that the share consolidation will provide the Company with increased
flexibility to seek financing opportunities and strategic acquisitions.
The Company does not intend to undergo a name change in conjunction with the proposed consolidation.
About Golcap Resources Corp.
Golcap Resources Corp. owns or has options on 3938 hectares (ha) of mineral claims located less than 1
km from Tulameen, B.C. Golcap owns the Redcap and SBGB mineral tenures and has optioned 2199 ha
of contiguous claims. Collectively called the “Redcap Property”, the tenures are situated in the southern
end of the Spences Bridge Gold Belt (“SBGB”) and is prospective for the discovery of precious and base
metal deposits. SBGB is BC’s newest gold belt that saw a major staking rush since Westhaven Venture’s
gold-bearing vein system (South Zone) discovery in late 2017.
FOR FURTHER INFORMATION CONTACT:
Justin Corinella
Chief Executive Officer
https://golcapresources.com
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.