Mr. Kiran Patankar reports
TIMBERLINE RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT FINANCING WITH WATERTON PRECIOUS METALS FUND II CAYMAN, LP
Timberline Resources Corp. has closed the previously announced non-brokered private placement of 1,331,861 shares of common stock of the company at a price of 37.5 U.S. cents per share to Waterton Precious Metals Fund II Cayman LP, for total proceeds of $499,447.87 (U.S.).
Timberline intends to use the net proceeds from the private placement for the continued advancement of the company's projects in Nevada and for general working capital purposes.
We seek Safe Harbor.
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