Mr. Terry Harbort reports
TALISKER ANNOUNCES CLOSING OF THE INITIAL DRAW ON THE US$31,250,000 FINANCING WITH SPROTT STREAMING FOR THE BRALORNE GOLD PROJECT
Talisker Resources Ltd. has closed the initial draw of $7-million (U.S.) under the previously announced royalty agreement with Sprott Resource Streaming and Royalty Corp. in relation to the company's 100-per-cent-owned Bralorne gold project. The proceeds from the financing will be used for drilling, detailed engineering and working capital. Under the terms of the agreement, Sprott Streaming will pay the company up to $31.25-million (U.S.) for a net smelter return royalty covering all minerals produced from the project (as more particularly described in the company's press release of June 12, 2023).
About Talisker Resources Ltd.
Talisker is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker's projects include the Bralorne gold complex and the Ladner gold project, both advanced-stage projects with significant exploration potential from historical high-grade producing gold mines, as well as its Spences Bridge project where the company holds approximately 85 per cent of the emerging Spences Bridge gold belt, and several other early-stage greenfields projects. With its properties comprising 291,392 hectares over 487 claims, three leases and 197 Crown grant claims, Talisker is a dominant exploration player in south-central British Columbia.
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