An unknown buyer entered into an asset purchase agreement to acquire Red Chris properties from Coast Copper Corp. (TSXV:COCO) for CAD 3 million on August 4, 2022. Under the terms of the agreement, on the closing date of the transaction and at each six-month anniversary of the closing date, ending 30 months from the closing date, the Purchaser shall pay Coast Copper CAD 0.25 million in cash and shall issue common shares to Coast Copper with an aggregate value of CAD 0.25 million. The shares issued under the transaction will be subject to a hold period expiring four months and one day from the date of issuance. The completion of the transaction is subject to standard closing conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. As of September 28, 2022 Coast Copper Corp. received conditional approval from the TSX-V regarding the sale of the Red Chris properties and that the remaining closing conditions are pending.

An unknown buyer completed the acquisition of Red Chris properties from Coast Copper Corp. (TSXV:COCO) on October 18, 2022. The transaction is subject to final approval of the TSX Venture Exchange.