The TSX Venture Exchange has accepted for filing documentation pertaining to a share purchase agreement dated Sept. 25, 2023, between the company, an arm's-length party (the vendor), and the shareholders of the vendor pursuant to which the company will purchase all of the issued and outstanding share capital of the vendor. The vendor owns 100 per cent of the right, title and interest to the Copper Dome South claims, located near Princeton, B.C.

By way of consideration, the company will issue 12 million common shares to the shareholders of the vendor and make a cash payment of $20,000 to a shareholder of the vendor. In addition, the company will make a further cash payment of $20,000 within six months of the closing to the shareholder. The consideration shares issued are issued at a deemed value of nine cents per consideration share.

The Copper Dome South claims are subject to (i) a 3-per-cent net smelter royalty to be granted in favour of the shareholder pursuant to a royalty agreement to be entered into; (ii) if the company drills 0.15 per cent copper or greater at the property over a 100-metre-or-greater interval length, the company shall issue an additional one million common shares to the shareholder; and (iii) if a preliminary economic assessment is completed on the property, the company shall issue an additional one million common shares to the shareholder.

Cash ($)                  Securities                     Work expenditures (S)

$40,000     12 million common shares    two million common shares (additional) 

For further details, please refer to the company's news release dated Sept. 26, 2023.