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Talisker Announces Completion of Sale of Toodoggone Properties
Talisker Announces Completion of Sale of Toodoggone Properties TORONTO , ...
About this update from Talisker Resources Ltd.
[{"type":"text","content":"\n \n \n \n Talisker Announces Completion of Sale of Toodoggone Properties\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n TORONTO\n \n ,\n \n Dec. 14, 2020\n \n /CNW/ - Talisker Resources Ltd. (\"\n \n Talisker\n \n \" or the \"\n \n Company\n \n \") (CSE: TSK) (OTCQB: TSKFF) is pleased to announce that, further to its press release of\n \n July 8, 2020\n \n , the Company has completed the sale of its mineral resource properties located in the Toodoggone region of the Province of\n \n British Columbia\n \n (the \"\n \n Properties\n \n \") to TDG Gold Corp. (\"\n \n TDG Gold\n \n \").  The Properties acquired by TDG Gold consist of: the Baker Project, which includes the past producing Baker and Multinational Mines; the Shasta Mine and the Baker mill infrastructure and equipment; the Chappelle property, which covers the ground from the past producing Baker and Multinational Mines; the Mets lease, which is a mining lease located approximately 20 kms north of the historic Baker and Multinational Mines; and the Bot property, which is a mineral tenure located approximately 35 kms north of the Baker milling facilities.\n \n \n \n \n \n \n \n \n \n In connection with the sale of the Properties, TDG Gold has acquired and assumed all liabilities related to the Properties and Talisker received 18,973,699 common shares of TDG Gold (the \"\n \n TDG Gold Shares\n \n \"). Talisker's TDG Gold Shares represent a 33.13% undiluted interest and 30.12% fully-diluted interest in TDG Gold, which has a proforma market capitalization of approximately\n \n $17.2 million\n \n .  The TDG Gold Shares have been approved for listing by the TSX Venture Exchange under the trading symbol \"TDG\".  For so long as Talisker owns not less than 10% of the outstanding TDG Gold Shares, Talisker will have board nomination rights and pre-emptive rights to participate in future equity financings of TDG Gold to maintain its share ownership percentage interest in TDG Gold. Talisker currently has the right to appoint two nominees to the board of directors of TDG Gold.  Addit...