17:43:37 EDT Mon 15 Sep 2025
Enter Symbol
or Name
USA
CA



Zimtu Capital Corp (3)
Symbol ZC
Shares Issued 12,682,630
Close 2025-08-18 C$ 0.25
Market Cap C$ 3,170,658
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Zimtu closes Copperline property sale to Star Copper

2025-08-18 20:54 ET - News Release

Mr. Sean Charland reports

ZIMTU CAPITAL CORP. CLOSES SALE OF COPPERLINE PROPERTY TO STAR COPPER CORP.

Zimtu Capital Corp. has closed the previously announced sale to Star Copper Corp. of the Copperline property located in north-central British Columbia. Pursuant to a mineral property acquisition agreement dated July 14, 2025, between the company and the purchaser, the company agreed to sell a 100-per-cent interest in the property to the purchaser in exchange for the consideration set forth below. The property is composed of seven mineral claims totalling 2,687 hectares, located near Skutsil Knob at the southern end of the Driftwood range, approximately 120 kilometres north-northeast of Smithers, B.C.

Terms of the transaction

As consideration for the property, Zimtu will receive from the purchaser the following:

  1. An aggregate $350,000 in cash, to be paid as follows:
    • $100,000 on the closing of the transaction:
      • $250,000 on the first business day that is six months after the closing date;
  2. An aggregate 500,000 common shares in the capital of the purchaser, to be issued as follows:
    • 200,000 consideration shares on the closing date; and
      • 300,000 consideration shares on the completion date.

In addition, the purchaser will pay to Zimtu a milestone bonus in the amount of $1.5-million consisting of $750,000 in cash and $750,000 in common shares upon the publication by the purchaser of a mineral resource estimate prepared in accordance with Form 43-101F1, in respect of the property disclosing any combination of measured, indicated or inferred mineral resources in excess of either: (i) 500 million pounds of copper; or (ii) 15 million ounces of silver. The bonus shares will be issued at a deemed price per share that is equal to the 10-day volume-weighted average of the common shares of the purchaser on the Canadian Securities Exchange.

The purchaser will also grant Zimtu a 2-per-cent net smelter return royalty interest in the future mineral production from the property upon achieving commercial production. The NSR royalty is freely assignable by Zimtu, and a 1-per-cent NSR royalty may be repurchased by the purchaser at any time within five years of the closing date for a cash payment of $1-million.

No finders' fees will be paid in connection with the transaction. The transaction involves non-arm's-length parties as such term is defined in Policy 5.3 of the TSX Venture Exchange as Sean Charland is a director of Zimtu and Star and Jody Bellefleur is the chief financial officer of Zimtu and Star. The consideration shares and bonus shares are subject to a hold period expiring four months and one day following the date of issuance.

About Zimtu Capital Corp.

Zimtu Capital is a public investment issuer that aspires to achieve long-term capital appreciation for its shareholders. Zimtu Capital companies may operate in the fields of mineral exploration, mining, technology, life sciences or investment. The company trades on the TSX Venture Exchange under the symbol ZC and in Frankfurt under the symbol ZCT1.

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