19:18:26 EDT Mon 15 Sep 2025
Enter Symbol
or Name
USA
CA



Zimtu Capital Corp (3)
Symbol ZC
Shares Issued 12,682,630
Close 2025-08-19 C$ 0.25
Market Cap C$ 3,170,658
Recent Sedar Documents

Zimtu Capital, Star Copper property agreement

2025-08-19 21:05 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to a mineral property acquisition agreement dated July 14, 2025, between Zimtu Capital Corp. and Star Copper Corp., whereby the company will sell its 100-per-cent interest in the Copperline property to the purchaser.

Pursuant to the terms of the agreement, the purchase price for the property includes a base purchase price and a potential milestone bonus. The base purchase price totals $350,000 in cash payments and 500,000 common shares of the purchaser. Specifically, $100,000 cash and 200,000 common shares are payable on the closing date, with the remaining $250,000 cash and 300,000 common shares payable six months after the closing date. An additional $1.5-million milestone bonus, consisting of $750,000 in cash and $750,000 worth of common shares of the purchaser, will be paid if the purchaser publishes a mineral resource estimate for the property that reveals measured, indicated or inferred mineral resources exceeding either 500 million pounds of copper or 15 million ounces of silver.

On the completion date (as defined in the agreement), the purchaser will grant a 2-per-cent royalty on returns from the commercial production of mineral products derived from the Copperline property. A 1-per-cent NSR (net smelter return) royalty may be repurchased by the purchaser within five years of the closing date for $1-million.

The transaction is non-arm's length in nature and no finders' fees are payable.

For further details, please refer to the company's news releases dated July 14, 2025, and Aug. 18, 2025.

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