J4 Ventures Inc. Files Filing Statement for Qualifying Transaction with Primary Hydrogen Corp.
Newsfile·2025-12-02 18:49

Core Viewpoint - J4 Ventures Inc. is progressing with its qualifying transaction to acquire the Arthur Lake Property from Primary Hydrogen Corp, with a targeted closing date of December 24, 2025 [1][3]. Transaction Details - The transaction involves J4 Ventures acquiring a 100% undivided interest in the Arthur Lake Property by issuing 500,000 common shares and making a cash payment of C$50,000 to Primary Hydrogen [4]. - Primary Hydrogen will retain a 2% net smelter return royalty on the Arthur Lake Property [4]. - The transaction is subject to the satisfaction of conditions set by the TSX Venture Exchange (TSXV) and customary closing conditions [3][5]. Concurrent Financing - J4 Ventures plans to conduct a concurrent financing of up to 12,000,000 subscription receipts at a price of C$0.05 each, aiming for gross proceeds of up to C$600,000 [9]. - Each subscription receipt will convert into a unit consisting of one J4 share and one share purchase warrant, with the warrant exercisable at C$0.06 for a period of 60 months [10]. Arthur Lake Property Overview - The Arthur Lake Property consists of two mineral claim units totaling 543 hectares located in British Columbia, approximately 54 km southwest of Vanderhoof [11]. - The property is prospective for gold and copper-molybdenum mineralization, with historical rock sampling indicating copper concentrations ranging from 8 ppm to 24,800 ppm [11]. - Notable soil anomalies have been identified, including the Copper Enrichment Anomaly, which measures 1,800 meters by 500 meters [11].

J4 Ventures Inc. Files Filing Statement for Qualifying Transaction with Primary Hydrogen Corp. - Reportify