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FINWIRES

Talisker Resources Announces C$11 Million Financing Facility For B.C.'s Bralorne Gold Project

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Talisker Resources (TSK.TO) has struck a deal with Two Shores Capital for a delayed-draw term loan of up to C$11 million.

Loan proceeds will be used to acquire ore sorting and processing equipment for the Bralorne Gold Project in British Columbia, the company said in a news release.

The term will run for 36 months with an interest rate of 14% per annum.

"This Facility provides non-dilutive capital for the ore-sorting and processing equipment that is central to our processing strategy at the Bralorne Gold Project," said Chief Executive Officer Terry Harbort. "Structuring the financing against the equipment itself, with no encumbrance on our mineral tenure, preserves the strength of our balance sheet as we advance toward our Preliminary Economic Assessment later this year."

Talisker Resources shares were last seen up C$0.01, to C$1.06, on the Toronto Stock Exchange.

Price: $1.06, Change: $+0.01, Percent Change: +0.95%

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