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New Gold to make strategic investment in Talisker Resources

Admin
Mar 25, 2021 Precious Metals News Comments Off on New Gold to make strategic investment in Talisker Resources



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(Wallace Refiners) – Talisker Resources (TSX:TSK | OTCQX:TSKFF) announced Thursday that New Gold (TSX:NGD) is expected to acquire a 14.9% interest in Talisker. 

The company also announced a non-brokered private placement to raise total gross proceeds of up to $19.1 million. Immediately following the completion of the offering, it is expected that New Gold will acquire 37,366,932 common shares, which will provide New Gold with a 14.9% interest in the company on a pro forma basis.

“As one of Canada’s leading gold producers and with a prominent position in south-central BC, we are pleased to welcome New Gold as a strategic investor in our company,” commented CEO Terry Harbort. “New Gold is a natural regional partner for Talisker and their investment highlights the potential synergies for both companies and is a strong endorsement of our corporate strategy and the potential of Bralorne and our other greenfield projects. We are excited to embark on this relationship with New Gold.”

Talisker is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker’s projects include the Bralorne gold complex, an advanced stage project with significant exploration potential from a historical high-grade producing gold mine as well as its Spences Bridge project where the company holds ~85% of the emerging Spences Bridge Gold Belt and several other early-stage greenfield projects.




Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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