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e564d50f-2c5e-41f7-ac41-bb2a453ff661.pdf
News Release
TSX:TLO
TALON METALS ANNOUNCES THE SALE OF ITS SHARES IN TLOU ENERGY
Road Town, British Virgin Islands (May 19, 2016) - Talon Metals Corp. ("Talon" or the "Company") (TSX: TLO) is pleased to announce that, in connection with its continued strategy of divesting its non-core assets, the Company has sold all of its shares in Tlou Energy Limited ("Tlou Energy") for gross proceeds of approximately C$600,000.
"We are pleased that we have been able to increase our treasury through the sale of our shares in Tlou Energy", said Sean Werger, President of Talon. "The Company's sole focus is working with Kennecott Exploration Company to move the Tamarack Project towards becoming a tier 1 project. Going forward, we will continue to opportunistically seek ways to divest of our remaining non-core assets, and increase our cash position."
About Talon
Talon is a TSX-listed company focused on the exploration and development of the Tamarack Project in Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project). The Company has a well-qualified exploration and mine management team with extensive experience in project management.
For additional information on Talon, please visit the Company's website at www.talonmetals.com or contact:
Sean Werger President
Talon Metals Corp.
Tel: (416) 361-9636 ext. 247
Email: [email protected]
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Talon Metals Corp.
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EXPLORATION STAGE |
CODE : TLO.TO |
ISIN : VGG866591024 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Talon Metals is a gold exploration company based in Brazil. Talon Metals holds various exploration projects in Brazil. Its main exploration properties are SAO JORGE, TRAIRAO, CAMPO GRANDE, SERRITA PROJECT and AGUA BRANCA in Brazil. Talon Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 13.0 millions as of today (US$ 9.4 millions, € 8.6 millions). Its stock quote reached its highest recent level on April 01, 2011 at CA$ 3.14, and its lowest recent point on April 02, 2018 at CA$ 0.05. Talon Metals has 129 649 992 shares outstanding. |