New Risk • Jun 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$154k free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 5.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€3.00m market cap, or US$3.46m). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Rod Husband was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 02
Golcap Resources Corp. announced that it has received CAD 0.685 million in funding On December 1, 2025. Golcap Resources Corp. announced that it has closed the transaction. It has issued 1,000,000 flow through common shares at a price of CAD 0.285 per FT Share for gross proceeds of CAD 285,000. under its final tranche. The Company paid commission of CAD 17,100 and issued 60,000 finder warrants at a price of CAD 0.285 per share for a period of two years expiring December 1, 2027. Tillkännagivande • Nov 21
Golcap Resources Corp. announced that it expects to receive CAD 0.4275 million in funding Golcap Resources Corp announced a non-brokered private placement to issue 1,500,000 flow through shares at an issue price of CAD 0.285 for the proceeds of CAD 427,500 on November 20, 2025. Finders' fees may be payable in accordance with the policies of the Canadian Securities Exchange, and all securities issued under the offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. Completion of the offering remains subject to any required regulatory approvals. Tillkännagivande • Nov 06
Mineral Road Discovery Inc. (CNSX:ROAD) agreed to acquire an additional unknown minority stake in Golcap Resources Corp. (CNSX:GCP) from 1459988 B.C. Ltd. Mineral Road Discovery Inc. (CNSX:ROAD) agreed to acquire an additional unknown minority stake in Golcap Resources Corp. (CNSX:GCP) from 1459988 B.C. Ltd. on November 1, 2024. The consideration consists of 6.25 million common equity of Mineral Road Discovery Inc. to be issued for common equity of Golcap Resources Corp. As part of consideration, an undisclosed value is paid towards common equity of Golcap Resources Corp.
The Acquisition Agreement is subject to approval by the CSE. The ROAD Shares issued upon closing of the Acquisition Agreement will be subject to a four month hold period in accordance with applicable securities laws. New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$553k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$553k free cash flow). Share price has been highly volatile over the past 3 months (52% average weekly change). Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€2.81m market cap, or US$3.11m). Tillkännagivande • Jun 19
Golcap Resources Corp. (CNSX:GCP) completed the acquisition of Orogenic Gold Exploration Projects in Southern Finland for CAD 4.5 million. Golcap Resources Corp. (CNSX:GCP) agreed to acquire Orogenic Gold Exploration Projects in Southern Finland from NewPeak Metals Limited (ASX:NPM) for CAD 4.6 million on May 6, 2024. Under the terms of agreement, Golcap Resources Corp. is issuing 5,000,000 Company common shares, Staged cash payments of CAD 500,000 in the first 12 months and Success payments of CAD 3 million upon the reporting of a 500,000 oz Indicated resource (JORC code), with half of the success payment payable in GolCap shares. The projects are comprised of Satulinmaki, Riukka and Hopeavuori which are located in Finland.
Golcap Resources Corp. (CNSX:GCP) completed the acquisition of Orogenic Gold Exploration Projects in Southern Finland from NewPeak Metals Limited (ASX:NPM) for CAD 4.5 million on June 17, 2024. As announced, Golcap has agreed to issue 4,347,826 common shares, representing 17.6% of Golcap’s issued and outstanding shares, post-issuance, to NewPeak MetalsAs announced, Golcap has agreed to issue 4,347,826 common shares, representing 17.6% of Golcap’s issued and outstanding shares, post-issuance, to NewPeak Metals, Staged cash payments of CAD 0.5 million in the first 12 months, Success payments of CAD 3 million upon the reporting of a 500,000 oz Indicated resource (JORC code), with half of the success payment payable in Golcap shares. New Risk • Mar 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$461k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$461k free cash flow). Share price has been highly volatile over the past 3 months (610% average daily change). Earnings have declined by 4.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€681.8k market cap, or US$738.9k). Tillkännagivande • Feb 06
Golcap Resources Corp. Announces Chief Financial Officer Changes Golcap Resources Corp. announced Harry Nijjar was appointed as chief financial officer of Golcap Resources Corp. Mr. Nijjar is currently a managing director with Malaspina Consultants Inc. and provides CFO and strategic financial advisory services to his clients across many industries. As CFO of Golcap Mr. Nijjar will be responsible for the financial reporting and other administrative functions. Mr. Nijjar is currently also CFO of Los Andes Copper Ltd., Playgon Games Inc., Oberon Uranium Corp., Marvel Biosciences Corp. and Crest Resources Inc. Mr. Nijjar holds a CPA CMA designation from the Chartered Professional Accountants of British Columbia and a BComm from the University of British Columbia. Alan Tam has stepped down as chief financial officer to follow other pursuits. Buying Opportunity • Sep 26
Now 97% undervalued after recent price drop Over the last 90 days, the stock is down 98%. The fair value is estimated to be €0.019, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Tillkännagivande • Aug 22
Golcap Resources Corp. Announces CEO Changes Golcap Resources Corp. announced that Christopher Reynolds has been appointed interim Chief Executive Officer effective August 21, 2023, while the Company continues to seek to identify a permanent CEO. Mr. Reynolds replaces Justin Corinella as CEO. Mr. Corinella remains as a Director of the Company. New Risk • Aug 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (88% average weekly change). Negative equity (-CA$120k). Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€728.5k market cap, or US$792.2k). Tillkännagivande • Aug 18
Golcap Resources Corp. announced that it has received CAD 0.3 million in funding On August 17, 2023, Golcap Resources Corp., closed the transaction. The transaction included participation from individual investors, Rod Husband for 200,000 units of the company, Alan Tam for 1,000,000 units of the company, Emma Fairhurs for 4,000,000 units of the company. Prior to the Transaction, the Emma Fairhurs owned and controlled 2,668,833 Common Shares of the Issuer representing 28.67% of the then issued and outstanding Common Shares of the Issuer based on a total of 9,311,175 Common Shares outstanding as of August 16, 2023. Post completion to the Transaction, the Emma Fairhurs owned and controlled 6,668,833 Common Shares of the Issuer representing 46.60% of the then issued and outstanding Common Shares of the Issuer based on a total of 14,311,175 Common Shares outstanding as of August 17, 2023; or 10,668,833 Common Shares of the Issuer representing 58.27% of the outstanding shares assuming exercise of the 4,000,000 warrants held by the Acquiror. Tillkännagivande • Aug 09
Golcap Resources Corp. announced that it expects to receive CAD 0.3 million in funding Golcap Resources Corp. announced a non-brokered private placement to issue 5,000,000 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 300,000 on August 9, 2023. Each unit consists of one common share and one warrant, each warrant entitling the holder to purchase one common share at a price of CAD 0.075 for a period of five years from closing. The private placement is subject to approval by the Canadian Securities Exchange. Finders' fees may be payable in accordance with the policies of the CSE, and all securities issued will be subject to a hold period of four months and one day in accordance with applicable securities laws. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO & Director Justin Corinella is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO & Director Justin Corinella is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Leif Smither was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Leif Smither was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Leif Smither was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 