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Telson to Complete Name Change and Commence Trading Under "ATLY" Effective June 11, 2021
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2021) - Telson Mining Corporation (TSXV...
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[{"type":"text","content":"Telson to Complete Name Change and Commence Trading Under \"ATLY\" Effective June 11, 2021Vancouver, British Columbia--(Newsfile Corp. - June 9, 2021) - Telson Mining Corporation (TSXV: TSN) (OTC Pink: SOHFF) (FSE: TSGN) (\"Telson\" or the \"Company\") is pleased to announce that it will complete its name change to \"Altaley Mining Corporation\" on June 11, 2021, as previously announced in a news release dated May 10, 2021. The Company has received final acceptance from the TSX Venture Exchange (the \"Exchange\") for the name change. Effective June 11, 2021, the Company's common shares will continue trading on the Exchange under the new symbol \"ATLY\".The Company's management believes that the name change complements the recent board restructuring and accelerated pace of development.About Telson Mining CorporationTelson Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects.Campo Morado is an operating polymetallic base metal mine with mining and milling equipment currently producing at an average of 2,100 tonnes per day and is currently estimated to be Mexico's 6th largest zinc producer.Telson's Tahuehueto mining project located in north-western Durango State, Mexico is a gold mine currently under construction and advanced to an estimated 60% of completion. The Company recently announced a US$25 million syndicated funding package, and subsequently closed a US$ 8 million equity private placement and executed a silver streaming funding agreement with Empress Royalty to receive an initial US$2million 1st tranche funding advance resulting in US $10 million of the syndicated funding package being available to immediately fund construction efforts at Tahuehueto and provide working capital. Upon closing of the last US $12 million portion of the funding package triggering the 2nd tranche US$3 million from Empress Royalty, Telson will have full funding available to finish construction of its 1,000 tonne per day processing facility and related mine infrastructure to initiate production of gold, silver, lead, and zinc in concentrates at Tahuehueto. The Company is targeting to start pre-production by the end of 2021 and ramping up to full production capacity during Q1 2022.Visit: www.telsonmining.com On Behalf of the Board of Directors(signed) \"Ralph Shearing\"Ralph ...