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.
350 Bay Street, Suite 400
Toronto, Ontario M5H 2S6
TSK
TSKFF
TSX OTCQX
Talisker Announces Closing of the Initial Draw on the US$31,250,000
Financing with Sprott Streaming for the Bralorne Gold Project
Toronto, Ontario, June 23, 2023 – Talisker Resources Ltd. (“ Talisker” or the “ Company”) (TSX:TSK |
OTCQX:TSKFF) is pleased to announce that it has closed the initial draw of US$7 million under the
previously announced royalty agreement with Sprott Resource Streaming and Royalty Corp. (“Sprott
Streaming”) in relation to the Company’s 100% owned Bralorne Gold Project (the “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 US$31,250,000 for a net smelter returns
royalty covering all minerals produced from the Project (as more particularly described in the Company’s
press release of June 12, 2023).
For further information, please contact:
Terry Harbort
President and CEO
+1 416 361 2808
Matt Filgate
Vice President, Corporate Development
+1 778 679 3579
About Talisker Resources Ltd.
Talisker (taliskerresources.com) 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 ~85% 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.
Caution Regarding Forward Looking Statements
Certain statements contained in this press releas e constitute forward -looking information. These
statements relate to future events or future performance and include statements regarding the Royalty
Transaction, including the use of proceeds . The use of any of the words “could”, “intend”, “expect”,
“believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that
are not historical facts are intended to identify forward -looking information and are based on Talisker’s
current belief or assumptions as to the outcome and timing of such future events. Various assumptions
or factors are typically applied in drawing conclusions or making the forecasts or projections set out in
forward-looking information. Those assumptions and factors are based on information currently available
to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management,
there can be no assurance that any conclusions or forecasts will prove to be accurate.
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Forward looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance, or achievements to be materially different from any future
results, performance or achievements expressed or implied by the forward -looking information. Such
factors include risks inherent in the exploration and development of mineral deposits, including risks
relating to changes in project parameters as plans continue to be redefined, risks relating to variations in
grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and
supply of minerals, risks related to increased competition and current global financial conditions, access
and supply risks, reliance on key personnel, operational risks , regulatory risks, including risks relating to
the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and
environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory
approvals.
The forward-looking information contained in this release is made as of the date hereof, and Talisker is
not obligated to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.