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Coast Copper Sells One of its Three Toodoggone Properties for $1.375 Million in Combined Cash and Shares
Coast Copper Sells One of its Three Toodoggone Properties for $1.375 Million in Combined Cash and...
About this update from Coast Copper Corp
[{"type":"text","content":"\n\n\n\n Coast Copper Sells One of its Three Toodoggone Properties for $1.375 Million in Combined Cash and Shares\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TSX.V: COCO\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 28, 2025\n \n\n /CNW/ -\n \n Coast Copper Corp. (\"Coast Copper\" or the \"Company\";\n \n (TSX-V: COCO) is pleased to announce that it has entered into an asset purchase agreement (the \"\n \n Agreement\n \n \") on\n \n August 27, 2025\n \n with Hi-View Resources Inc. (CSE:HVW,\"\n \n Hi-View\n \n \"), who will acquire a 100% interest in Coast Copper's Borealis property (the \"\n \n Property\n \n \") located in the Toodoggone District in northcentral BC (the \"\n \n Transaction\n \n \"). In consideration, Hi-View will pay Coast Copper\n \n $500,000\n \n in cash, issue 3,500,000 Hi-View common shares (\"\n \n Consideration Shares\n \n \") to Coast Copper at a deemed price of\n \n $0.25\n \n per Consideration Share, and grant Coast Copper a bonus payment under certain conditions, as more fully described below. Coast Copper will also retain a 3% net smelter return (\"\n \n NSR\n \n \") royalty subject to buyout provisions as outlined below.\n \n\n\n\n\n\n\n\n\n\n Adam Travis\n \n , CEO commented:\n \n \"With the recent AuRORA discovery made by Amarc Resources Ltd. (\"\n \n Amarc\n \n \") and Freeport-McMoRan Mineral Properties Canada Inc, the Toodoggone District has become one of the hottest exploration regions in\n \n Canada\n \n . The sale of one of our Toodoggone properties to Hi-View validates our strategy of acquiring underappreciated exploration properties throughout BC while we advance our core projects. Borealis is highly prospective for porphyry copper-gold, polymetallic and skarn targets and we are extremely excited to be able to participate in the upside of the district by becoming the largest shareholder of Hi-View as well as retaining a NSR royalty and potentially receiving a transaction bonus. We are committed to completing the first phase of exploration in Septembe...