Talisker Announces Royalty Transaction with Osisko Gold Royalties Ltd
Talisker Announces Royalty Transaction with
Osisko Gold Royalties Ltd
TORONTO
,
Dec. 24, 2019
/CNW/ - Talisker Resources Ltd. ("
Talisker
" or the "
Company
")
(CSE:TSK | OTCQB:TSKFF) is pleased to announce that further to the Company's press release of
November 21, 2019
, Talisker has entered into a definitive royalty purchase agreement and royalty
agreement with its wholly-owned subsidiary Bralorne Gold Mines Ltd. ("
Bralorne
") and Osisko Gold
Royalties Ltd for the sale of a 1.2% net smelter returns royalty on all production from the Bralorne
Gold Project located in southwestern
British Columbia
. The transaction under these agreements has
been completed and Bralorne has received proceeds in the amount of
$6.2 million
.
About Talisker Resources Ltd.
Talisker Resources Ltd. is a junior resource company involved in the exploration of gold projects in
British Columbia, Canada
. Talisker's projects include the Bralorne Gold Complex, an advanced stage
project with significant exploration potential from a historical high grade gold producing mine 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 271,132
hectares over 286 claims, three leases and 154 crown grant claims, Talisker is a dominant
exploration player in the south central
British Columbia
. The Company is well funded to advance its
aggressive systematic exploration program at its projects.
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. Actual future results may differ materially. 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 contained in this news release is based on certain factors and
assumptions regarding, among other things, the Bralorne Gold Project and other similar matters.
While Talisker considers these assumptions to be reasonable based on information currently
available to them, they may prove to be incorrect. 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.
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.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the
CSE) accepts responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the information
contained herein.
SOURCE
Talisker Resources Ltd
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For further information:
Terry Harbort, Chief Executive Officer of Talisker at
[email protected] or (416) 361-2808.
CO: Talisker Resources Ltd
CNW 12:15e 24-DEC-19