Talisker Announces Gold-Linked Note Closing
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 (TSX: TSK, OTCQX: TSKFF) ha concluso un collocamento privato non intermediato di note collegate all'oro raccogliendo $1.332.000. I proventi saranno utilizzati per sviluppare il Progetto Aurifero Bralorne in British Columbia e per scopi aziendali generali. Le note, che rappresentano un'obbligazione senior non garantita, hanno un tasso d'interesse annuo del 15% e scadranno il 31 dicembre 2027.
L'importo principale sarà utilizzato per calcolare la Quantità d'Oro basata su un Prezzo Minimo di 2.500 USD per oncia. La Quantità d'Oro sarà ridotta del 15%, 25% e 60% rispettivamente il 31 dicembre 2025, 2026 e 2027. Gli interessi sono pagabili trimestralmente, calcolati sul Valore Presunto della Quantità d'Oro. La Società ha pagato $65.350 in commissioni di intermediazione e un insider ha partecipato al finanziamento.
Talisker Resources (TSX: TSK, OTCQX: TSKFF) ha cerrado unPlacement privado no intermediado de notas vinculadas al oro recaudando $1,332,000. Los ingresos se utilizarán para avanzar en el Proyecto de Oro Bralorne en Columbia Británica y para fines corporativos generales. Las notas, que representan una obligación senior no garantizada, tienen una tasa de interés anual del 15% y vencerán el 31 de diciembre de 2027.
El monto principal se utilizará para calcular la Cantidad de Oro basada en un Precio Mínimo de US$2,500 por onza. La Cantidad de Oro se reducirá en un 15%, 25% y 60% el 31 de diciembre de 2025, 2026 y 2027 respectivamente. Los intereses son pagaderos trimestralmente, calculados sobre el Valor Presunto de la Cantidad de Oro. La Compañía pagó $65,350 en comisiones de intermediación, y un insider participó en el financiamiento.
Talisker Resources (TSX: TSK, OTCQX: TSKFF)는 금 관련 증권의 비중매도 사모 배치를 완료하고 $1,332,000을 조달했습니다. 조달된 자금은 브리티시컬럼비아의 Bralorne 금 프로젝트를 진행하는 데 사용되며 일반 기업 목적으로 사용됩니다. 이 증권은 선순위 담보가 없는 의무를 나타내며, 연 15%의 이자율을 보유하고 있으며 2027년 12월 31일 만기됩니다.
원금은 온스당 2,500 USD의 바닥 가격을 기준으로 금의 양을 계산하는 데 사용됩니다. 금의 양은 각각 2025년, 2026년, 2027년 12월 31일에 15%, 25% 및 60% 감소됩니다. 이자는 분기마다 지급되며, 금의 양의 추정 가치에 따라 계산됩니다. 회사는 $65,350의 중개 수수료를 지불했으며, 내부자가 자금 조달에 참여했습니다.
Talisker Resources (TSX: TSK, OTCQX: TSKFF) a clôturé un placement privé sans intermédiaire de notes liées à l'or, levant 1 332 000 $. Les produits seront utilisés pour faire avancer le projet aurifère Bralorne en Colombie-Britannique et pour des fins d'entreprise générales. Les notes, représentant une obligation senior non garantie, portent un taux d'intérêt annuel de 15% et arriveront à échéance le 31 décembre 2027.
Le montant principal sera utilisé pour calculer la quantité d'or sur la base d'un prix de plancher de 2 500 USD l'once. La quantité d'or sera réduite de 15 %, 25 % et 60 % respectivement le 31 décembre 2025, 2026 et 2027. Les intérêts sont payables trimestriellement, calculés sur la valeur présumée de la quantité d'or. La société a payé 65 350 $ de frais de commission, et un initié a participé au financement.
Talisker Resources (TSX: TSK, OTCQX: TSKFF) hat eine nicht vermittelte Privatplatzierung von goldgebundenen Anleihen abgeschlossen und 1.332.000 $ gesammelt. Die Erlöse werden verwendet, um das Bralorne Goldprojekt in British Columbia voranzutreiben und für allgemeine Unternehmenszwecke. Die Anleihen, die eine nachrangige ungesicherte Verpflichtung darstellen, haben einen jährlichen Zinssatz von 15% und laufen am 31. Dezember 2027 aus.
Der Nennbetrag wird zur Berechnung der Goldmenge basierend auf einem Mindestpreis von 2.500 USD pro Unze verwendet. Die Goldmenge wird am 31. Dezember 2025, 2026 und 2027 um 15 %, 25 % und 60 % reduziert. Die Zinsen sind vierteljährlich zahlbar und werden auf den angenommenen Wert der Goldmenge berechnet. Das Unternehmen zahlte 65.350 $ an Vermittlungsgebühren und ein Insider nahm an der Finanzierung teil.
- Raised $1,332,000 through gold-linked notes financing
- Proceeds to be used for advancing Bralorne Gold Project
- Notes bear 15% annual interest rate
- Gold-linked structure provides potential upside if gold price increases above $2,500/oz
- High 15% interest rate on notes indicates expensive financing
- Insider participation may raise concerns about conflicts of interest
- Senior unsecured obligation adds to company's debt burden
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) announces that further to the Company’s press release of October 9, 2024, the non-brokered private placement (the “Gold-Linked Note Financing”) of gold-linked notes (“Notes”) has closed with
Gold Linked Note Financing
- The Notes represent a senior unsecured obligation of the Company and are not convertible into shares of the Company.
- The Notes bear interest at a rate of
15% per annum and will mature on December 31, 2027. - The principal amount of the Notes will be used to calculate the quantity of gold (the “Gold Quantity”) to be represented by the Notes, being the deemed number of ounces of gold using a price (the “Floor Price”) of US
$2,500. T he Gold Quantity will be reduced on each of December 31, 2025, December 31, 2026, and December 31, 2027, by that number of ounces that represents15% ,25% and60% , respectively, of the Gold Quantity on the closing of the Gold-Linked Note Financing, by the payment of the Deemed Value of such Gold Quantity. The “Deemed Value” means the applicable Gold Quantity multiplied by the Gold Price (the “Gold Price” being the greater of: (a) the Floor Price; and (b) the “London Gold Fix” price per ounce (in U.S. dollars) as of the 15th day of the month of such payment date). - Interest shall be calculated and payable quarterly in arrears, with the interest payable being calculated based on the Deemed Value of the Gold Quantity on the applicable interest payment date.
- In connection with the Gold-Linked Note Financing, the Company paid finder’s fees of
$65,350 in cash, representing5% of the gross proceeds from the sale of certain Notes.
An insider participated in the Gold-Linked Note Financing. As a result, the Gold-Linked Note Financing may be considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with such insider’s participation in the Gold-Linked Note Financing in reliance on Sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report in connection with the Financing Package will be filed less than 21 days in advance of the closing of the Gold-Linked Note Financing, which the Company deems reasonable in the circumstances so as to be able to avail itself of potential financing opportunities.
This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For further information, please contact:
Terry Harbort
President and CEO
terry.harbort@taliskerresources.com
+1 416 357 0227
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker’s current belief or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the intended use of proceeds of the Gold-Linked Note Financing and the material change report to be filed in connection with the Golf-Linked Note Financing. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.
The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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