Talisker Announces Increased Financing Package for the Bralorne Gold Project
Talisker Resources Ltd.
130 Adelaide Street West, Suite 3002
Toronto, Ontario M5H 3P5
TSK
TSKFF
TSX OTCQX
Talisker Announces Increased Financing Package
for the Bralorne Gold Project
Toronto, Ontario, November 7, 2024 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK,
OTCQX: TSKFF) is pleased to announce that today it entered into a $1.1 million convertible debenture (the
“Convertible Debenture”) with the Spartan MM Fund (the “ Investor”). The Convertible Debenture is
considered part of the financing package that the Company announced on October 9, 2024 and October
17, 2024 (the “ Financing Package”) as the use of proceeds and terms (which are set out in more detail
below) are similar to the convertible debenture that was a component of the Financing Package.
Accordingly, the Financing Package has been increased to approximately $22.6 million.
The Convertible Debenture is an unsecured obligation of the Company. It bears interest at a rate of 12%
per annum, calculated and payable quarterly in arrears, and has a term of three years. The Investor may
convert the principal amount to common shares of Talisker (the “Shares”) at a conversion price of $0.56,
being 120% of the market price of the Shares on the Toronto Stock Exchange (the “TSX”) on November 5,
2024, the trading day prior to the date of the Convertible Debenture (the “ Conversion Price”). Talisker
has the option to convert all or any portion of the Convertible Debenture into S hares if the closing price
of the Shares on the TSX is at least 130% of the Conversion Price for each of the 20 trading days before a
notice of conversion is delivered to the Investor . If S hares are issued to the Investor pursuant to the
Company’s conversion right and the Investor wishes to sell any S hares, Talisker also has the right to
identify a purchaser for such Shares.
As part of the Financing Package, the proceeds from the Convertible Debenture will be used to continue
advancement of the Company’s flagship Bralorne Gold Project in British Columbia and for general
corporate purposes. No finder’s fees were paid in connection with the Convertible Debenture.
For further information, please contact:
Terry Harbort
President and CEO
+1 416 357 0227
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and
development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully
permitted Bralorne Gold Project where the Company is currentl y transitioning into underground
production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage
project with significant exploration potential from an historical high -grade producing gold mine and the
Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and
several other early-stage Greenfields projects.
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Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward -looking information. These
statements relate to future events or future performance. 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. In
particular, this press release contains forward -looking information relating to the intended use of
proceeds of the Financing Package. 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.
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 impl ied 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, o perational 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 sh areholder 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.