on Zimtu Capital Corp. (isin : CA9895892052)
Zimtu Capital Corp. to Sell Copperline Property, Announces Board Change
Zimtu Capital Corp. has entered into a definitive agreement to sell a 100% interest in the Copperline Property to Star Copper Corp. This property, located near Skutsil Knob in British Columbia, spans approximately 2,687 hectares. The agreement, dated July 14, 2025, outlines a series of payments from Star Copper, including cash, common shares, and a two percent royalty on commercial production.
Star Copper will pay CDN$100,000 in cash immediately, followed by an additional $250,000 six months later. Zimtu will also receive 200,000 common shares now and 300,000 shares in six months. A bonus of $1,500,000 will be issued upon completion of a favorable Preliminary Economic Assessment.
No finder's fees will occur, but the transaction involves Non-Arm's Length Parties. Approval from the TSX Venture Exchange is required for closing. Additionally, Chris Grove resigns from Zimtu's board, with gratitude extended for his service.
R. H.
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