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TALISKER RES LTD (TSKFF) is a pioneering company in the natural resources sector, focusing on exploration, development, and production of high-quality metal deposits. With a strong track record of successful projects and a commitment to sustainability, Talisker is at the forefront of responsible mining practices. The company's current flagship project, the Bralorne Gold Complex in British Columbia, Canada, has shown promising results and is poised for significant growth. Talisker's strategic partnerships and skilled team ensure a bright future for investors seeking exposure to the mining industry.
Talisker Resources (TSX: TSK, OTCQX: TSKFF) has closed a non-brokered private placement of gold-linked notes raising $1,332,000. The proceeds will be used to advance the Company's Bralorne Gold Project in British Columbia and for general corporate purposes. The notes, representing a senior unsecured obligation, bear a 15% annual interest rate and will mature on December 31, 2027.
The principal amount will be used to calculate the Gold Quantity based on a Floor Price of US$2,500 per ounce. The Gold Quantity will be reduced by 15%, 25%, and 60% on December 31 of 2025, 2026, and 2027 respectively. Interest is payable quarterly, calculated on the Deemed Value of the Gold Quantity. The Company paid $65,350 in finder's fees, and an insider participated in the financing.
Talisker Resources announced the results of its Annual General Meeting held on June 27, 2024, with 42% of issued common shares represented. Key approvals included the election of all six management nominees to the board and the appointment of PricewaterhouseCoopers LLP as auditors for the ensuing year. Detailed voting results showed overwhelming support for directors, with all nominees receiving over 98% of votes in favor. Talisker continues its focus on the Bralorne Gold Project, transitioning to underground production at the Mustang Mine, and advancing the Ladner and Spences Bridge Gold Projects.
Talisker Resources (TSX: TSK, OTCQX: TSKFF) has announced a significant update regarding its financing agreement with Sprott Resource Streaming and Royalty Corp. for the Bralorne Gold Project. Sprott has approved the second draw of US$11,750,000, contingent upon the finalization of amended documentation and the satisfaction of closing conditions. The update follows the initial agreement announced on June 12, 2023. The negotiations include an amendment on the timing of the production target of 38,000 ounces of gold. Talisker's CEO, Terry Harbort, expressed confidence in finalizing the deliverables for the second draw and anticipates closing in June.
Talisker Resources announced the signing of an Ore Hauling Agreement for the Bralorne Gold Project in British Columbia. The agreement with Stromsten Enterprises and Bridge River Management involves transporting gold ore from the Mustang Mine to milling facilities for processing. The first shipment of approximately 6,300 tonnes is scheduled for May 15th.
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