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News Release
TSX:TLO
TALON METALS ANNOUNCES THE SALE OF ITS SHARES IN TLOU ENERGY
Road Town, British Virgin Islands (May 19, 2016) - Talon Metals Corp. ("Talon" or the "Company") (TSX: TLO) is pleased to announce that, in connection with its continued strategy of divesting its non-core assets, the Company has sold all of its shares in Tlou Energy Limited ("Tlou Energy") for gross proceeds of approximately C$600,000.
"We are pleased that we have been able to increase our treasury through the sale of our shares in Tlou Energy", said Sean Werger, President of Talon. "The Company's sole focus is working with Kennecott Exploration Company to move the Tamarack Project towards becoming a tier 1 project. Going forward, we will continue to opportunistically seek ways to divest of our remaining non-core assets, and increase our cash position."
About Talon
Talon is a TSX-listed company focused on the exploration and development of the Tamarack Project in Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project). The Company has a well-qualified exploration and mine management team with extensive experience in project management.
For additional information on Talon, please visit the Company's website at www.talonmetals.com or contact:
Sean Werger President
Talon Metals Corp.
Tel: (416) 361-9636 ext. 247
Email: [email protected]
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Talon Metals Corp.
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EXPLORATEUR |
CODE : TLO.TO |
ISIN : VGG866591024 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Talon Metals est une société d’exploration minière d'or basée au Bresil. Talon Metals détient divers projets d'exploration au Bresil. Ses principaux projets en exploration sont SAO JORGE, TRAIRAO, CAMPO GRANDE, SERRITA PROJECT et AGUA BRANCA au Bresil. Talon Metals est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 22,0 millions CA$ (16,1 millions US$, 15,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 01 avril 2011 à 3,14 CA$, et son plus bas niveau récent le 02 avril 2018 à 0,05 CA$. Talon Metals possède 129 649 992 actions en circulation. |