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Sherpa II Executes Agreement to Purchase Remaining Ownership of the Bakar Property on Northern Vancouver Island, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - Sherpa II Holdings Corp. (TSXV: SH...
About this update from Sherpa Ii Holdings Corp.
[{"type":"text","content":"Sherpa II Executes Agreement to Purchase Remaining Ownership of the Bakar Property on Northern Vancouver Island, British ColumbiaVancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - Sherpa II Holdings Corp. (TSXV: SHRP) (\"Sherpa II\" or the \"Company\") is pleased to announce the execution of a definitive purchase agreement (the \"Agreement\") dated June 3, 2025 for the high grade copper-silver Bakar Property (\"Bakar\" or the \"Property\") located on northern Vancouver Island in British Columbia from District Metals Corp. (\"District\") (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQB: DMXCF) (FSE: DFPP).Thomas O'Neill, CEO of Sherpa II, commented: \"The purchase of the remaining ownership of the Bakar Property on northern Vancouver Island, British Columbia will allow Sherpa II to continue to advance the Bakar Property on a 100% ownership basis.\"Transaction HighlightsUnder the Agreement, Sherpa II will acquire District's remaining approximate 25% interest in the Bakar Property by the issuance of 1.5 million common shares of Sherpa II. Closing of the transaction remains subject to customary closing conditions, including acceptance by the TSX Venture Exchange. About the CompanySherpa II Holdings Corp. is a Canadian junior mineral exploration company with a majority interest in the Bakar Property located in northwestern Vancouver Island, British Columbia and a 100% undivided interest in all technical data relating to the Bakar Claims.For further information please contact:Thomas O'NeillChief Executive OfficerTel. (604) 484-4170Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSThis news release contains certain forward-looking statements, including the Company's intention to complete the purchase of the remaining interest in the Bakar Property and the expected acceptance of the TSX Venture Exchange. 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 st...