News Release Issued: Sep 30, 2015 (7:48am EDT)
Treasury Metals Closes Final Tranche of Non-brokered Financing
TSX:TML
TORONTO, Sept. 30, 2015 /CNW/ - Treasury Metals Inc. (TSX:TML) ("Treasury Metals" or, the "Company") is pleased to announce that, further to its press release dated September 24, 2015, it has closed the final tranche of 332,669 units of the Company in a non-brokered private placement for aggregate total gross proceeds of $1.9 million ("the Offering"). In total, the Offering consists of 2.629 million units ("Units") at a price of C$0.45 per Unit and 1.43 million flow-through common shares (the "Flow-Through Shares") at a price of C$0.50 per Flow-Through Share. All securities issued in connection with the Offering will be subject to a statutory four-month hold period.
The net proceeds raised through the Offering will be for the advancement of the Company's Goliath Gold Project and for general working capital purposes.
To learn more about Treasury Metals, please visit the Company's website at www.treasurymetals.com.
Forward Looking Statements
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
SOURCE Treasury Metals Inc.
For further information: Martin Walter, President and CEO, T: 1.416.214.4654, martin@treasurymetals.com; Greg Ferron, Vice President, Corporate Development, T: 1.416.214.4654, greg@treasurymetals.com; Follow us on Twitter @TreasuryMetals
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Treasury Metals Inc.
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EXPLORATION STAGE |
CODE : TML.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Treasury Metals is a zinc and lead exploration company based in Canada. Its main exploration properties are GOLIATH and LARA in Canada. Treasury Metals is listed in Canada. Its market capitalisation is CA$ 23.9 millions as of today (US$ 17.4 millions, € 16.3 millions). Its stock quote reached its lowest recent point on February 20, 2009 at CA$ 0.11, and its highest recent level on August 14, 2020 at CA$ 1.90. Treasury Metals has 103 970 000 shares outstanding. |