Business
Sherpa Completes Purchase of Remaining Ownership of the Bakar Property on Northern Vancouver Island, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2025) - Sherpa II Holdings Corp. ...
About this update from Sherpa Ii Holdings Corp.
[{"type":"text","content":"Sherpa Completes Purchase of Remaining Ownership of the Bakar Property on Northern Vancouver Island, British ColumbiaVancouver, British Columbia--(Newsfile Corp. - November 7, 2025) - Sherpa II Holdings Corp. (TSXV: SHRP) (the \"Company\" or \"Sherpa II\") is pleased to announce that, further to the definitive purchase agreement (the \"Agreement\") dated June 3, 2025 and initially announced on June 4, 2025, it has completed the purchase of the remaining ownership of the high grade copper-silver Bakar Property (\"Bakar\" or the \"Property\") located on Northern Vancouver Island in British Columbia from District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP) (\"District\").Thomas O'Neill, CEO of Sherpa II, commented: \"With the purchase of the remaining ownership of Bakar completed, the exploration permit in hand, and the recently completed non-brokered private placement, Sherpa II is well positioned to begin the inaugural drill program at the Bakar Property and test the EC drill targets.\"Transaction HighlightsPursuant to the Agreement, Sherpa II acquired District's remaining approximate 25% interest in the Bakar Property through the issuance of 1.5 million common shares of Sherpa II. The common shares were issued to District on November 6, 2025 and are subject to a hold period of four months and one day. About the CompanySherpa II Holdings Corp. is a Canadian junior mineral exploration company with a 100% interest in the Bakar Property located on northern Vancouver Island, British Columbia. For further information, please contact:Thomas O'NeillChief Executive OfficerTel. (604) 484-4170FORWARD-LOOKING STATEMENTSThis news release contains certain forward-looking statements, including, but not limited to, statements with respect to the Company's intended drill program at the Bakar Property. Wherever possible, words such as \"may\", \"will\", \"should\", \"could\", \"expect\", \"plan\", \"intend\", \"anticipate\", \"believe\", \"estimate\", \"predict\" or \"potential\" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.Forward-looking statements involve si...