Original News Release
Farstarcap receives conditional approval for QT with BP
Mr. Konstantine Tsakumis reports
FARSTARCAP RECEIVES CONDITIONAL APPROVAL FOR QUALIFYING TRANSACTION
The TSX Venture Exchange has granted conditional approval for Farstarcap Investment Corp.'s proposed qualifying transaction in accordance with TSX-V Policy 2.4 -- Capital Pool Companies.
The transaction involves the acquisition by Farstarcap of all of the issued and outstanding securities of BP Exploration Corp. (BPEx), as outlined in the company's news release dated May 5, 2025. The conditional approval is subject to the company fulfilling all requirements of the TSX-V, including but not limited to:
Submission of final documentation;
Compliance with escrow requirements;
BPEx completing a concurrent financing of at least $1.35-million.
Upon closing of the transaction, Farstarcap will cease to be a capital pool company and will continue the business of BPEx as a Tier 2 mining issuer on the TSX-V under the name BP Silver Corp. and the ticker symbol BPAG.
In connection with receiving the TSX-V's conditional approval for the transaction, the company has filed a filing statement containing detailed information about the transaction, the target business and the resulting issuer on SEDAR+.
We seek Safe Harbor.
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