09:50:02 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Till Capital Corp
Symbol TIL
Shares Issued 3,191,462
Close 2023-05-09 C$ 5.31
Market Cap C$ 16,946,663
Recent Sedar Documents

Till Capital completes sale of Springer for $2M (U.S.)

2023-05-23 10:14 ET - News Release

Mr. Brian Lupien reports

TILL CAPITAL COMPLETES THE SALE OF THE SPRINGER TUNGSTEN MINE AND MILL

Till Capital Corp. has completed the sale of the Springer tungsten mine and mill. As previously reported on April 25, 2023, Till signed an asset purchase and sale agreement dated April 24, 2023, with a private company for the sale of Till's Springer tungsten mine and mill located near Winnemucca, Nev.

Till has received $2-million (U.S.) in cash (less $25,000 (U.S.) on deposit) for the deed and ownership of Springer. Till is also entitled to receive production royalty payments of up to $2.5-million (U.S.) in respect of future production from the mill at Springer. Terms include a finder's fee of 5 per cent of funds received to be paid to Angeles Capital.

About Till Capital Corp.

Till Capital, through its wholly owned U.S. subsidiaries, owns shares of Osisko Development Corp. and is a partial owner of IG Tintic LLC, a private company which owns a 1-per-cent net smelter return royalty on the East Tintic mining district near Eureka, Utah, and of IG Far East LLC, a private company with the controlling interest in a joint venture that owns the Durmin gold property in the Russian Far East. Till Capital is also the majority shareholder of Silver Predator Corp. and owns various mineral royalties.

Till Capital is also the parent company of wholly owned subsidiary Omega Insurance Holdings Inc., which owns Omega General Insurance Company, a Canadian insurance company offering innovative and customized insurance industry solutions, including fronting and run-off services for insurers/reinsurers, within the Canadian marketplace. Omega Insurance Holdings also operates Focus Group Inc., a consulting and project management company servicing the local and international needs of its property casualty insurance clients.

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