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Orecap Invest and Stardust Metal Shareholders Approve McGarry Option Transaction

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Orecap Invest's (OCI.V) and Stardust Metal's (ZIGY.CN) shareholders approved the McGarry option transaction, the companies said Wednesday in separate releases.

Stardust may earn up to a 75% interest in Orecap's McGarry Project, in the Kirkland Lake Gold Camp along the Cadillac Break, under the option agreement, said Orecap.

The transaction remains subject to the TSX Venture Exchange's final approval, added Orecap.

"We believe McGarry is one of the most compelling exploration opportunities in Kirkland Lake, and this partnership allows the project to be advanced by a dedicated operator while enabling Orecap shareholders to retain significant exposure to exploration success through our equity position in Stardust," said Orecap's Chairman Stephen Stewart."

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