TriMetals Mining Receives Payment from Bolivia
TriMetals Mining Receives Payment from Bolivia
Vancouver, British Columbia – September 5, 2019
TriMetals Mining Inc. (TSX: TMI and TMI.B, OTCQB: TMIAF and TMIBF ) (the “Company”
or “TMI”) is pleased to announce that its wholly-owned subsidiary South American Silver Limited
(“SASL” or the “Claimant”) has received today from the Government of the Plurinational State of
Bolivia (“Bolivia”) full payment of the settlement agreed with Bolivia on August 29, 2019 , (See
TMI’s press release dated August 29, 2019, for further details).
The Company will cease all legal activities related to the collection of the Award.
The Company has 60 days to redeem all 116,375,152 Class B shares outstanding for cash. In the
upcoming weeks, the Company will notify its Class B shareholders, their agents and/or brokers,
about the procedure to redeem the Class B shares.
About TriMetals Mining Inc.
TriMetals Mining Inc. (TSX: TMI and TMI.B, OTCQB: TMIAF and TMIBF) is a growth-focused
gold exploration company creating value through the exploration and development of the near -
surface Gold Springs gold-silver project in mining-friendly Nevada and Utah, U.S.A.
The Company’s Class B shares are listed on the Toronto St ock Exchange under the stock symbol
“TMI.B” and on the OTCQB under the stock symbol TMIBF and have no interest in the properties
or assets of the Company other than the collective entitlement to 85% of the net cash (after
deducting all costs, taxes and expenses and the amount due to a third party that funded the costs
of the arbitration), received by the Company from an award or settlement in relation to South
American Silver’s arbitration proceeding against Bolivia for the expropriation of the Malku Khota
project in 2012.
TriMetals Mining Inc. Contact:
Matias Herrero
Chief Executive Officer
Forward-looking Statements
Certain statements contained herein constitute “forward-looking information” under applicable
Canadian securities laws (“forward -looking statements”). Forward -looking statements look
into the future and provide an opinion as to the effect of certain events and trends on the
business. Forward -looking statements may include words such as “will” and similar
expressions. These forward-looking statements are based on current expectations and entail
various risks and uncertainties. Actual results may materially differ from expectations if known
and unknown risks or uncertainties affect our business or if our estimates or assumptions prove
inaccurate. Factors that could cause results or events to differ materially from current
expectations expressed or implied by the forward -looking statements are described in the
Company’s Annual Information Form and continuous disclosure documents, which are
available on SEDAR at www.sedar.com.
Readers are cautioned not to place undue reliance on the forward-looking statements contained
in this press release. Except as required by law, the Company assumes no obligation to update
or revise any forward-looking statement, whether as a result of new information, future events
or any other reason. Unless otherwise indicated, forward -looking statements in this press
release describe the Company’s expectations as of the date hereof.