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Talisker Announces Strategic Investment by New Gold and up to $19.1 Million Private Placement
Talisker Announces Strategic Investment by New Gold and up to $19.1 Million Private Place...
About this update from Talisker Resources Ltd.
[{"type":"text","content":"\n \n \n \n Talisker Announces Strategic Investment by New Gold and up to $19.1 Million Private Placement\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n TORONTO\n \n ,\n \n March 25, 2021\n \n /CNW/ - Talisker Resources Ltd. (\"\n \n Talisker\n \n \" or the \"\n \n Company\n \n \") (TSX: TSK) (OTCQX: TSKFF) is pleased to announce that New Gold Inc. (\"\n \n New Gold\n \n \") (TSX: NGD) is expected to acquire a 14.9% interest in Talisker.\n \n \n \n \n \n \n \n \n \n \"As one of\n \n Canada's\n \n leading gold producers and with a prominent position in south-central BC, we are pleased to welcome New Gold as a strategic investor in our Company,\" commented\n \n Terry Harbort\n \n , Chief Executive Officer of Talisker who added, \"New Gold is a natural regional partner for Talisker and their investment highlights the potential synergies for both companies and is a strong endorsement of our corporate strategy and the potential of Bralorne and our other greenfield projects. We are excited to embark on this relationship with New Gold.\"\n \n \n The Company is also pleased to announce a non-brokered private placement to raise total gross proceeds of up to\n \n $19\n \n .1 million (the \"\n \n Offering\n \n \").  The Offering will consist of up to 37,366,932 common shares of the Company, which qualify as \"flow-through shares\" within the meaning of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (the \"\n \n FT Shares\n \n \"), at a price of\n \n $0\n \n .51 per FT Share.\n \n \n \n The Strategic Investment\n \n \n \n Immediately following the completion of the Offering, it is expected that New Gold will acquire 37,366,932 common shares, which will provide New Gold with a 14.9% interest in the Company on a pro forma basis.\n \n \n In anticipation of New Gold acquiring its interest, New Gold and Talisker have entered into an investor rights agreeme...