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Star Copper Confirms Effective Date of Spin-Out of Okeover Project
VANCOUVER, BC / ACCESS Newswire / May 7, 2025 / Star Copper Corp. ("Star Copper" or the "Company") (CSE:STCU) is pleased to report that, further to its news release dated May 6, 2025, the previously announced plan of arrangement (the "Arrangement") ...
About this update from Star Copper Corp.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 7, 2025 / Star Copper Corp. ("Star Copper" or the "Company") (CSE:STCU) is pleased to report that, further to its news release dated May 6, 2025, the previously announced plan of arrangement (the "Arrangement") will become effective on May 9, 2025 (the "Effective Date").","length":349,"tagName":"p"},{"type":"text","content":"Star Copper shareholders of record as at the close of business on May 8, 2025 (the "Shareholders") will receive, for each existing common share of the Company (ISIN: CA8549371091; CUSIP: 854937) held immediately prior to the Effective Date: (i) one identical replacement common share of Star Copper under a new ISIN / CUSIP (ISIN: CA85512H1047; CUSIP: 85512H104) (each, a "New Star Copper Share"); and (ii) one-third of one common share under a new ISIN / CUSIP (ISIN: CA02074C1005; CUSIP: 02074C100) (each whole common share, a "Spinco Share") in the authorized capital of Alpha Copper Corp. No fractional Spinco Shares will be distributed under the Arrangement; any fractional Spinco Shares that result from the Arrangement will be rounded down to the nearest whole number without any compensation paid to the applicable Shareholders in lieu of any such fractional Spinco Shares. The Company's transfer agent, Computershare Investor Services Inc., will act as depositary in connection with the Arrangement.","length":1042,"tagName":"p"},{"type":"text","content":"As previously announced, under the Arrangement the Company's 100% interest in the Okeover copper-molybdenum project located immediately north of the coastal City of Powell River, British Columbia (the "Okeover Project"), along with related assets and liabilities, will be spun out to the Shareholders through the Shareholders receiving Spinco Shares. Further information regarding the Arrangement is included in the Company's information circular dated April 1, 2025, which is filed under Star Copper's SEDAR+ profile at www.sedarplus.ca.","length":560,"tagName":"p"},{"type":"text","content":"About Star Copper Corp. (CSE:STCU)(OTC PINK:STCUF)(FWB:PP00)Star Copper is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions. The Company is positioned to earn a 60-per-cent interest...