Talisker Completes Acquisition of the Outstanding Royalties on the Ladner Gold Project

Rhea-AI Summary

Talisker Resources Ltd. has completed its acquisition of a 2% net smelter return royalty and a 35% net profit interest on the Ladner Gold Project from New Carolin Gold Corp.. The transaction involved issuing 5,119,170 common shares to acquire these royalties. This strategic move aims to strengthen Talisker's position in the gold exploration sector in British Columbia, where it operates significant projects. The acquisition enhances their resource potential and supports ongoing exploration efforts in the region.

Positive

• Acquisition adds a 2% net smelter return royalty and a 35% net profit interest, enhancing revenue potential.
• Strategic move to strengthen Talisker's position in the gold exploration market in British Columbia.
• The transaction demonstrates effective use of share issuance to fund acquisitions.

Negative

• None.

TORONTO, ON / ACCESSWIRE / September 17, 2021 / Talisker Resources Ltd. ("Talisker" or the "Company") (TSX:TSK)(OTCQX:TSKFF) is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of the 2% net smelter return royalty on the Ladner Gold Project and the 35% net profit interest (collectively, "Purchased Royalties") from the sale of gold by New Carolin Gold Corp. ("New Carolin") or any third party contracted by New Carolin for that purpose.

In connection with the Acquisition, Talisker issued 5,119,170 common shares for the Purchased Royalties pursuant to the terms of a royalty purchase and sale agreement.

About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker's projects include two advanced stage projects, the Bralorne Gold Complex and the Ladner Gold Project, both advanced stage projects with significant exploration potential from historical high-grade producing gold mines, as well as its Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt and several other early-stage Greenfields projects. With its properties comprising 296,983 hectares over 346 claims, three leases and 198 crown grant claims, Talisker is a dominant exploration player in the south-central British Columbia. The Company is well funded to advance its aggressive systematic exploration program at its projects.

For further information, please contact:

Terry Harbort
President & CEO
Terry.harbort@talliskerresources.com
+1 416 361 2808

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. Actual future results may differ materially. 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.

While Talisker considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. 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 and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

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.

SOURCE: Talisker Resources Ltd.

View source version on accesswire.com:
https://www.accesswire.com/664456/Talisker-Completes-Acquisition-of-the-Outstanding-Royalties-on-the-Ladner-Gold-Project

FAQ

What recent acquisition did Talisker Resources Ltd. announce?

Talisker Resources Ltd. announced the acquisition of a 2% net smelter return royalty and a 35% net profit interest in the Ladner Gold Project from New Carolin Gold Corp.

What is the significance of the acquisition for Talisker Resources Ltd.?

The acquisition enhances Talisker's revenue potential and strengthens its strategic position in the gold exploration sector in British Columbia.

How many shares did Talisker issue for the Purchased Royalties?

Talisker issued 5,119,170 common shares as part of the acquisition for the Purchased Royalties.

What are the future implications of the acquisition for TSKFF shareholders?

The acquisition of royalties may provide future revenue streams for TSKFF shareholders, enhancing overall company value as exploration progresses.