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New Listing: Sherpa II Holdings Corp. (TSXV: SHRP)

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Sherpa is acquiring an 80% undivided interest in the mineral rights comprising the Bakar Claims and a 100% undivided interest in all technical data relating to the Bakar Claims for $50,000 in cash and 1 million shares.

Additional Information:

Company: Sherpa II Holdings Corp.
Stock Symbol: TSXV: SHRP
Date Published: Dec 30, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Sherpa II Holdings Corp.is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “SHRP”, following its qualifying transaction with a Capital Pool Company of the same name.

Sherpa is acquiring an 80% undivided interest in the mineral rights comprising the Bakar Claims and a 100% undivided interest in all technical data relating to the Bakar Claims for $50,000 in cash and 1 million shares.

Sherpa must also fund $200,000 in expenditures over a period of six months.

The Bakar property is located in northwestern Vancouver Island near the town of Holberg.

The Bakar property, which covers approximately 15,687 hectares, is accessible from Holberg via San Josef Road at the east of the property and Winter Harbour Road at the west of the Property.

An extensive network of logging roads along the southern shore of Holberg Inlet and along the San Josef Road west of Holberg also service the property.

Electricity is generated locally at the Cape Scott Wind Farm which is located on the Knob Hill Plateau approximately 3 kilometers northwest of the property, with a transmission line crossing the property along the San Josef Road alignment.

The western end of Holberg Inlet has been explored for limestone, copper and gold intermittently for decades going back to 1919.

Various physical works, trenching, stripping, and diamond drilling activities were carried out on the property up until the 1920s, with activities resuming again in the 1960s.

On August 23, 2018, Longford Exploration Services completed a site visit on the Bakar Property on behalf of District Metals.

High-grade samples that were taken directly from outcrop and mineralized areas ran more than 50% copper when analyzed with a mobile XRF device.

In May 2019, Longford Exploration Services carried out a three-day site visit and review, with significant results returned from five samples over the sampled areas.

For more information on the property, please refer to the recent Technical Report available on Sedar.

The company recently raised gross proceeds of $300,000 from the placement of 2 million flow-through shares priced at $0.10 per share, and 1,250,000 regular shares priced at $0.08 per share.

The shares are currently bid at $0.10 with no shares offered and no shares traded.

For more information, please contact Thomas O’Neill, CEO, at 604-484-4170.

I’m Megan Edwards for Investmentpitch Media