Further to the TSX Venture Exchange bulletin dated April 2, 2015, the exchange has accepted for filing documentation pertaining to an amendment to Timberline Resources Corp.'s option agreement with Gunpoint Exploration Ltd. in respect of the Talapoosa property in Nevada.
Pursuant to the amending agreement to acquire the property, the company must pay $1-million (U.S.) (paid) and issue one million common shares of the company (issued). In addition, the company must pay $2-million (U.S.) and issue a further one million common shares by March 31, 2018, as well as make a final payment of $8-million (U.S.) and issue 1.5 million shares by March 31, 2019, among other revised terms.
Insider/pro group participation: not applicable
For additional information please refer to the company's news releases dated Oct. 20, 2016, and April 13, 2017.
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