Business
BP Silver Corp. Announces Completion of Qualifying Transaction
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - BP Silver Corp. (TSXV: BPAG) (formerly Farstarcap Investment Corp.) (the "Company") is pleased to announce that it has closed its previously announced qualifying transaction involving the acquisition of BP Exploration Corp. ("BPEx") (the "Qualifying Transaction"). The Company will be a Tier 2 Mining issuer focused on the exploration and development of its property known as the Cosuño Property, located in Bolivia. In...
About this update from Bp Silver Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - BP Silver Corp. (TSXV: BPAG) (formerly Farstarcap Investment Corp.) (the "Company") is pleased to announce that it has closed its previously announced qualifying transaction involving the acquisition of BP Exploration Corp. ("BPEx") (the "Qualifying Transaction"). The Company will be a Tier 2 Mining issuer focused on the exploration and development of its property known as the Cosuño Property, located in Bolivia.","length":525,"tagName":"p"},{"type":"text","content":"In conjunction with closing of the Qualifying Transaction:","length":58,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"BPEx completed a non-brokered private placement financing (the "Concurrent Financing") through the issuance of 16,666,633 subscription receipts at $0.15 per receipt, for aggregate gross proceeds of $2,499,995.","length":219,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"BPEx settled outstanding indebtedness of $173,500 through the issuance of 1,156,667 common shares in the capital of BPEx (the "BPEx Debt Settlement").","length":160,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"BPEx cancelled one-third of 9,500,000 common shares of BPEx issued at $0.005 per share and one-half of 7,258,759 common shares of BPEx issued at $0.025 per share (the "BPEx Seed Shares"). Each cancelled BPEx Seed Share was replaced with a common share purchase warrant (the "Replacement Warrants") exercisable at $0.10 per common share for a period of five years from the date of issue.","length":406,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company completed a share consolidation on the basis of four (4) pre-consolidation common shares to three (3) post-consolidation common shares. (the "Consolidation").","length":180,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company changed its name to "BP Silver Corp." (the "Name Change").","length":90,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The Company settled outstanding indebtedness of $40,000 through the issuance of 266,667 post-Consolidation shares in the capital of the Company at $0.15 per share (the "FRS Debt Settlement&q...