Golcap Announces Closing of Debt Settlement

Rhea-AI Summary

Golcap Resources (GCRCF) announced on December 11, 2025 that it has closed a previously announced debt settlement to resolve an outstanding creditor balance of $75,600.

Under the Settlement Agreement the company issued an aggregate of 200,000 common shares at a deemed price of $0.378 per share. The shares are subject to a four-month-and-one-day hold period expiring April 11, 2026. The board said completing the settlement preserves cash for working capital.

Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Golcap Resources Corp. (CSE: GCP) (the "Company" or "Golcap Resources") announces it has closed the previously announced debt settlement agreement (the "Settlement Agreement") to settle outstanding debt owed to a certain arm's length creditor totalling $75,600 (the "Debt Settlement").

Pursuant to the Settlement Agreement, the Company has issued an aggregate of 200,000 common shares at deemed price of $0.378 per share. The shares issued are subject to a four month and one day hold period expiring April 11, 2026.

The Board of Directors has determined that completing the Debt Settlement is in the best interests of the Company as it will preserve cash for working capital purposes.

FOR FURTHER INFORMATION CONTACT:

Christopher Reynolds
Interim Chief Executive Officer

Garry Stock
Director

Golcap Resources Corp.
Telephone: 778-819-3793

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277812

FAQ

What did Golcap (GCRCF) announce on December 11, 2025 about debt settlement?

Golcap closed a debt settlement for $75,600, issuing 200,000 shares at a deemed price of $0.378 per share.

How does the Golcap (GCRCF) debt settlement conserve cash for the company?

The board stated the settlement preserves cash by converting the $75,600 liability into equity rather than a cash payment.

When do the shares issued in Golcap's (GCRCF) debt settlement become tradable?

The issued shares are subject to a four-month-and-one-day hold period that expires on April 11, 2026.

How many shares did Golcap (GCRCF) issue to settle the $75,600 debt?

Golcap issued an aggregate of 200,000 common shares as part of the settlement.

What was the deemed price per share in Golcap's (GCRCF) debt settlement?

The shares were issued at a deemed price of $0.378 per share.