Business
Talon Metals Announces Filing of Final Base Shelf Prospectus
Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - March 26, 2020) - Talon Metals C...
About this update from Talon Metals Corp.
[{"type":"text","content":"Talon Metals Announces Filing of Final Base Shelf ProspectusRoad Town, Tortola, British Virgin Islands--(Newsfile Corp. - March 26, 2020) - Talon Metals Corp. (TSX: TLO) (\"Talon\" or the \"Company\") is pleased to announce that it has filed a final short form base shelf prospectus (the \"Prospectus\") with the securities regulatory authorities in each of the provinces of Canada, other than the province of Québec.“Recent worldwide events should be a strong reminder that market conditions can change rapidly”, said Sean Werger, President of Talon. \"Over the next 25 months, the base shelf prospectus will provide Talon with the flexibility to close on capital raisings quickly in tranches, when access to capital is available on reasonable terms\".Pursuant to the Prospectus, Talon may issue common shares, debt securities, subscription receipts or warrants or any combination of such securities as units (the \"Securities\"), in amounts, at prices, and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying prospectus supplement, for an aggregate offering amount of up to C$40 million during the 25-month period that the Prospectus remains effective.Talon filed the Prospectus to give it flexibility to take advantage of financing opportunities as they may arise and as the Company deems appropriate, subject to market conditions and other relevant factors. There is no certainty that any Securities will be offered or sold under the Prospectus within the 25-month period.The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About TalonTalon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project. Talon has an earn-in to acquire up to 60% of the Tamarack Project. The Tamarack Project comprises a large land posit...