Business
Zimtu Capital Corp. Closes Sale of Copperline Property to Star Copper Corp.
VANCOUVER, BC / ACCESS Newswire / August 18, 2025 / Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) (the "Company" o0r "Zimtu") announces that that it has closed the previously announced sale to Star Copper Corp. (the "Purchaser" or "Star") of the Copperline ...
About this update from Star Copper Corp.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / August 18, 2025 / Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) (the "Company" o0r "Zimtu") announces that that it has closed the previously announced sale to Star Copper Corp. (the "Purchaser" or "Star") of the Copperline property located in north-central British Columbia (the "Property"). Pursuant to a mineral property acquisition agreement dated July 14, 2025 between the Company and the Purchaser (the "Agreement"), the Company agreed to sell a 100% interest in the Property to the Purchaser in exchange for the consideration set forth below (the "Transaction"). The Property is comprised of seven mineral claims totaling 2,687 hectares, located near Skutsil Knob at the southern end of the Driftwood range, approximately 120 kilometres north-northeast of Smithers, BC.","length":873,"tagName":"p"},{"type":"text","content":"Terms of the Transaction","length":24,"tagName":"p"},{"type":"text","content":"As consideration for the Property, Zimtu will receive from the Purchaser the following:","length":87,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"An aggregate $350,000 in cash, to be paid as follows:","length":53,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$100,000 on the closing of the Transaction (the "Closing Date");","length":74,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$250,000 on the first business day that is six (6) months after the Closing Date (the "Completion Date");","length":115,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":115,"olType":false}]}],"tagName":"ul","bulletedList":true,"length":189,"olType":false}]},{"val":[{"type":"text","content":"An aggregate 500,000 common shares in the capital of the Purchaser (the "Consideration Shares"), to be issued as follows:","length":131,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"200,000 Consideration Shares on the Closing Date; and","length":53,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"300,000 Consideration Shares on the Completion Date.","length":52,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":52,"olType":false}]}],"tagName":"ul","bulletedList":true,"length":105,"olType":false}...