Subject: For Immediate Release
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File: Attachment Sep 15 25 - Farstarcap Announces Completion of Financing Condition of QT - V3 Clean.pdf
Farstarcap Announces Completion of $2.5 Million BPEx Financing
Vancouver, BC September 15, 2025 - Farstarcap Investment Corp. (TSXV: FRS.P)
("Farstarcap" or the "Company") reports that, further to its news release dated May 5, 2025
wherein the Company announced it will acquire all of the issued and outstanding securities
of BP Exploration Corp. ("BPEx") by means of a "three-cornered amalgamation" (the
"Acquisition"), BPEX has completed the maximum private placement financing by issuing
16,666,633 Subscription Receipts at a price of $0.15 per Subscription Receipt for gross
proceeds of $2,499,995 (the "Concurrent Financing").
Each Subscription Receipt entitles the holder to receive, for no additional consideration, one
BPEx Share and one-half of one BPEx share purchase warrant (the "Financing Warrant").
Each Financing Warrant will be exercisable at $0.20 per share for a period of two years from
the date of issue.
Under the Concurrent Financing, BPEx paid finders a fee of $111,736 and issued a total of
9,021,274 share purchase warrants, including 687,960 broker warrants, with each warrant
exercisable at $0.20 per share for a period of 2 years from the date of issue.
Completion of this financing was a condition precedent to the Company receiving approval
from regulators with respect to the Qualifying Transaction requirements.
Next Steps
With the financing condition satisfied the parties expect to close the Acquisition on or about
September 23, 2025.
A further news release will be disseminated once the Qualifying Transaction is completed
and the shares of the Company resume trading under its new symbol "BPAG".
Contact Information BP Exploration Corp.
Farstarcap Investment Corp. Tim Shearcroft
CEO, Director
Robert McMorran
CFO, Director Tel: 604-307-7032
Email: bpx@telus.net
Tel: 604-313 9940
Email: rgmc@shaw.ca
Completion of the Acquisition is subject to a number of conditions, including but not
limited to, TSX Venture Exchange (the "Exchange") acceptance and if applicable pursuant
to Exchange Requirements and majority of the minority shareholder approval. Where
applicable, the Acquisition cannot close until the required shareholder approval is
obtained. There can be no assurance that the Acquisition will be completed as proposed
or at all. Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the Acquisition, any
information released or received with respect to the Acquisition may not be accurate or
complete and should not be relied upon. Trading in the securities of a capital pool
company should be considered highly speculative. The TSX Venture Exchange Inc. has in
no way passed upon the merits of the proposed Acquisition and has neither approved nor
disapproved the contents of this press release.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
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