Star Copper and Alpha Copper Announce Completion of Spin-Out
Star Copper Corp. (CSE:STCU, OTC:STCUF) has completed its previously announced spin-out arrangement with Alpha Copper Corp. Through this arrangement, Star Copper distributed shares of Alpha Copper to its shareholders of record as of May 8, 2025. The spin-out involved Star Copper's 100% interest in the Okeover copper-molybdenum project, a 4,613-hectare property near Powell River, British Columbia.
Under the arrangement, shareholders received one new Star Copper share and one-third of one Alpha Copper share for each Star Copper share held. Alpha Copper shares are not currently listed on any exchange, though the company will operate as a reporting issuer in British Columbia, Alberta, and Ontario. Star Copper shares continue trading on the CSE, OTC Market, and Frankfurt Stock Exchange.
Star Copper Corp. (CSE:STCU, OTC:STCUF) ha completato l'operazione di scissione precedentemente annunciata con Alpha Copper Corp. Attraverso questa operazione, Star Copper ha distribuito azioni di Alpha Copper ai suoi azionisti registrati al 8 maggio 2025. La scissione ha riguardato il 100% dell'interesse di Star Copper nel progetto di rame e molibdeno Okeover, una proprietà di 4.613 ettari vicino a Powell River, British Columbia.
Secondo l'accordo, gli azionisti hanno ricevuto una nuova azione Star Copper e un terzo di azione Alpha Copper per ogni azione Star Copper posseduta. Le azioni di Alpha Copper non sono attualmente quotate in nessun mercato, anche se la società opererà come emittente registrata nelle province canadesi di British Columbia, Alberta e Ontario. Le azioni di Star Copper continuano a essere negoziate sulla CSE, sul mercato OTC e sulla Borsa di Francoforte.
Star Copper Corp. (CSE:STCU, OTC:STCUF) ha completado su acuerdo de escisión previamente anunciado con Alpha Copper Corp. A través de este acuerdo, Star Copper distribuyó acciones de Alpha Copper a sus accionistas registrados al 8 de mayo de 2025. La escisión involucró el 100% del interés de Star Copper en el proyecto de cobre y molibdeno Okeover, una propiedad de 4,613 hectáreas cerca de Powell River, Columbia Británica.
Bajo el acuerdo, los accionistas recibieron una nueva acción de Star Copper y un tercio de una acción de Alpha Copper por cada acción de Star Copper que poseían. Las acciones de Alpha Copper aún no están listadas en ninguna bolsa, aunque la compañía operará como emisor registrado en Columbia Británica, Alberta y Ontario. Las acciones de Star Copper continúan cotizando en la CSE, el mercado OTC y la Bolsa de Frankfurt.
Star Copper Corp. (CSE:STCU, OTC:STCUF)는 이전에 발표한 Alpha Copper Corp와의 분사 계획을 완료했습니다. 이 계획을 통해 Star Copper는 2025년 5월 8일 기준 주주들에게 Alpha Copper 주식을 배분했습니다. 이번 분사는 브리티시컬럼비아주 파월리버 인근의 4,613헥타르 규모 Okeover 구리-몰리브덴 프로젝트에 대한 Star Copper의 100% 지분을 포함합니다.
이 계획에 따라 주주들은 보유한 Star Copper 주식 1주당 새로운 Star Copper 주식 1주와 Alpha Copper 주식 1/3주를 받았습니다. Alpha Copper 주식은 현재 어떤 거래소에도 상장되어 있지 않으나, 회사는 브리티시컬럼비아, 앨버타, 온타리오 주에서 보고 의무가 있는 발행인으로 운영될 예정입니다. Star Copper 주식은 계속해서 CSE, OTC 마켓, 프랑크푸르트 증권거래소에서 거래됩니다.
Star Copper Corp. (CSE:STCU, OTC:STCUF) a finalisé son opération de scission précédemment annoncée avec Alpha Copper Corp. Dans le cadre de cette opération, Star Copper a distribué des actions d'Alpha Copper à ses actionnaires inscrits au 8 mai 2025. La scission concernait la participation à 100 % de Star Copper dans le projet de cuivre-molybdène Okeover, une propriété de 4 613 hectares près de Powell River, en Colombie-Britannique.
Selon l'accord, les actionnaires ont reçu une nouvelle action Star Copper et un tiers d'action Alpha Copper pour chaque action Star Copper détenue. Les actions d'Alpha Copper ne sont actuellement cotées sur aucune bourse, bien que la société opèrera en tant qu'émetteur assujetti à des obligations de déclaration en Colombie-Britannique, en Alberta et en Ontario. Les actions de Star Copper continuent d'être négociées sur la CSE, le marché OTC et la Bourse de Francfort.
Star Copper Corp. (CSE:STCU, OTC:STCUF) hat seine zuvor angekündigte Ausgliederungsvereinbarung mit Alpha Copper Corp abgeschlossen. Im Rahmen dieser Vereinbarung verteilte Star Copper Aktien von Alpha Copper an seine Aktionäre, die am 8. Mai 2025 eingetragen waren. Die Ausgliederung betraf das 100%ige Interesse von Star Copper am Okeover Kupfer-Molybdän-Projekt, einem 4.613 Hektar großen Grundstück in der Nähe von Powell River, British Columbia.
Gemäß der Vereinbarung erhielten die Aktionäre für jede gehaltene Star Copper-Aktie eine neue Star Copper-Aktie und ein Drittel einer Alpha Copper-Aktie. Alpha Copper-Aktien sind derzeit an keiner Börse notiert, das Unternehmen wird jedoch als berichtspflichtiger Emittent in British Columbia, Alberta und Ontario tätig sein. Die Star Copper-Aktien werden weiterhin an der CSE, dem OTC-Markt und der Frankfurter Börse gehandelt.
- None.
- Alpha Copper shares are not listed on any exchange, potentially limiting liquidity
- Fractional shares are rounded down without compensation
- Shareholders face increased administrative complexity managing two separate investments
VANCOUVER, BC / ACCESS Newswire / May 9, 2025 / Star Copper Corp. (the "Company" or "Star Copper") (CSE:STCU) and Alpha Copper Corp. ("Alpha Copper") are pleased to announce that they have completed the previously announced plan of arrangement (the "Arrangement") pursuant to which the Company spun out to the Company's shareholders of record as at the close of business on May 8, 2025 (the "Shareholders") its
Darryl Jones, President, CEO and a Director of Star Copper, and CEO and a Director of Alpha Copper, commented:
"We are pleased with the completion of this exciting opportunity for Star Copper, Alpha Copper and the shareholders. Creating a standalone company focused on holding and advancing Star Copper's flagship asset, the Star Project, and a standalone company focused on advancing the Okeover Project will diversify our shareholder's investments and allow each respective company, Star Copper and Alpha Copper, to focus on advancing their respective assets."
The Arrangement was completed pursuant to the Business Corporations Act (British Columbia) and became effective at 12:01 a.m. on May 9, 2025 (the "Effective Time"). Under the Arrangement, the Shareholders are entitled to receive, in exchange for each Star Copper common share held immediately prior to the Effective Time: (i) one new common share in the authorized capital of Star Copper (each, a "New Star Copper Share"); and (ii) one-third of one Spinco Share, provided that no fractional Spinco Shares will be distributed under the Arrangement and any fractional Spinco Share that results from the Arrangement will be rounded down to the nearest whole number without any compensation paid in lieu to applicable Shareholders. The Shareholders own
The New Star Copper Shares (ISIN: CA85512H1047; CUSIP: 85512H104) will be trading on the Canadian Securities Exchange ("CSE") in Canada (CSE:STCU), on the OTC Market in the United States (OTC: STCUF), and on the Frankfurt Stock Exchange in Germany (FWB: PP00). Alpha Copper is not currently listed on any stock exchange and there are no current plans to list the Spinco Shares on any stock exchange. As a result of the Arrangement, Alpha Copper now operates as a reporting issuer in British Columbia, Alberta and Ontario, and will comply with its continuous disclosure obligations under applicable securities laws.
Computershare Investor Services Inc. is the depositary for the Arrangement, and caused letters of transmittal to be mailed to certain registered holders of common shares of the Company to exchange outstanding share certificates representing common shares of the Company for share certificates representing the New Star Copper Shares and the Spinco Shares to which such shareholders are entitled.
Further information regarding the Arrangement and Alpha Copper is set out in Company's information circular dated April 1, 2025, which is filed under Star Copper's SEDAR+ profile at www.sedarplus.ca.
About Star Copper Corp. (CSE:STCU)(OTC PINK:STCUF)(FWB:PP00)
Star Copper is focused on contributing to the green economy by finding and developing copper resource assets in stable jurisdictions. The Company is positioned to earn a 60-per-cent interest in the Indata copper-gold project located in north-central British Columbia. After the acquisition of Cavu Energy Metals, the Company has acquired
For more information visit https://starcopper.com/
About Alpha Copper Corp.
On May 9, 2025, Alpha Copper completed a plan of arrangement with Star Copper Corp., pursuant to which it acquired a
On Behalf of the Board of Directors of Star Copper Corp. and Alpha Copper Corp.
~Darryl Jones~
Darryl Jones,
President, CEO & Director of Star Copper Corp.
CEO & Director of Alpha Copper Corp.
Contact Star Copper
Invictus Investor Relations
+1 (604) 788-9533
walter@invictusir.com
Contact Alpha Copper
Darryl Jones Director
604 788 933
Cautionary Note Regarding Forward-Looking Statements
This message contains certain statements that may be deemed "forward-looking statements" concerning the Company and Alpha Copper within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company and Alpha Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. All statements, other than statements of historical fact, included herein, without limitation, including: the anticipated benefits of the Spin-Out; the advancement of the Okeover Project by Alpha Copper and the advancement of the Star Project by Star Copper, including the unlocking of value for the Company's shareholders; the listing status of the Spinco Shares; and, the listing or trading of New Star Copper Shares on the CSE, the OTC Market and the Frankfurt Stock Exchange, are all forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Star Copper and Alpha Copper, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such material risks and uncertainties include, but are not limited to, among others; the benefits of the Spin-Out; the ability of the parties to raise sufficient capital to fund each of their obligations under its property agreements going forward and conduct drilling and exploration; to maintain each of their respective mineral tenures and concessions in good standing; to explore and develop each of their respective projects; changes in economic conditions or financial markets; the inherent hazards associated with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; accuracy of mineral resource and reserve estimates; the potential for new discoveries; the ability of the parties to obtain the necessary permits and consents required to explore, drill and develop each of their respective projects and if accepted, to obtain such licenses and approvals in a timely fashion relative to the respective parties' plans and business objectives for the applicable project; the general ability of the parties to monetize each of their respective mineral resources; and changes in environmental and other laws or regulations that could have an impact on each of their respective operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry. Star Copper does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
SOURCE: Star Copper Corp.
View the original press release on ACCESS Newswire
FAQ
What is the share distribution ratio in Star Copper's (STCUF) spin-out of Alpha Copper?
What happens to Star Copper (STCUF) shares after the spin-out?
Will Alpha Copper shares be listed on any stock exchange?
What assets were involved in the Star Copper spin-out to Alpha Copper?
