Business
Mineral Road Discovery to Acquire Additional Interest in Golcap Resources
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Mineral Road Discovery Inc. (CSE: ROAD) (the "Company" or "ROAD") announces that it has ente
About this update from Mineral Road Discovery Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Mineral Road Discovery Inc. (CSE: ROAD) (the \"Company\" or \"ROAD\") announces that it has entered into an agreement to acquire a further 2,000,000 shares of Golcap Resources Corp. (CSE: GCP) (\"GCP\") from a related party seller (the \"Share Purchase Agreement\"), representing an additional 6.2% of GCP, in consideration for 5,000,000 units of ROAD, with each ROAD unit issued at a deemed value of $0.10 per ROAD unit consisting of one common share and one share purchase warrant entitling the holder to purchase one common share of ROAD for the next 2 years at an exercise price of $0.20. GCP is a company listed on the Canadian Securities Exchange (\"CSE\"). It is a Canadian based exploration company focused on the acquisition and development of gold assets in politically stable and resource friendly jurisdictions. The Company notes that one of its directors, Garry Stock, is also a director of GCP. The acquisition will be considered a \"related party transaction\" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\") because the seller under the Share Purchase Agreement is a private company that is controlled by a director (Damien Reynolds) of the Company. The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company's market capitalization. The closing of the acquisition remains subject to the Company's completion of its filing requirements with the CSE, and approval by the CSE, as may be required. The common shares and warrants issued upon closing of the acquisition will be subject to a four month hold period in accordance with applicable securities laws. FOR FURTHER INFORMATION, CONTACT: Garry StockDirector and Chairperson of Audit Committee Mineral Road Discovery Inc.Telephone: 778 819 1870 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 ad...