26/07/10 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2026-2296
CANSTAR RESOURCES INC. ("ROX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 10, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to an arm's length asset purchase agreement (the "Agreement") between Canstar Resources Inc. (the "Company") and an arm's length party: 1478078 B.C. Ltd. (the "Vendor"), doing business as Lithological Opportunities. Pursuant to the Agreement, the Company has acquired a 100% undivided interest in three exploration permits (approximately 31,000 hectares) in the northern Skelleftea district of Sweden (the "Property").
Concurrent to the Agreement, the Company, through the Vendor acting on its behalf, has applied for approximately 37,000 hectares of additional exploration permit applications in the northern Skelleftea district (the "Additional Claims") immediately adjacent to and around the Property. The Company will reimburse the Vendor staking costs of $110,000 in respect of the Additional Claims.
As consideration for the acquisition to the Vendor, the Company (i) issued an aggregate of 15,000,000 common shares; and (ii) will pay an aggregate of $150,000 in cash within a 1-year period.
CASH ($) SECURITIES WORK EXPENDITURES ($)
CONSIDERATION $150,000 15,000,000 Common Shares N/A
The Property is subject to a 2.5% net smelter return royalty and the Additional Claims are subject to a 1.25% net smelter return royalty in favour of the Vendor, subject to buy back rights.
For further details, please refer to the Company's news releases dated June 1, 2026 and July 8, 2026.
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