Altaley Mining Corp. is pleased to announce that the Company has executed a US $12 million loan facility agreement with Accendo Banco S.A. Institucion de Banca Multiple to complete the final part of it's previously announced US $25 million Accendo Syndicate Funding plan providing a fully funded solution to complete the construction and ramp-up of Telson's 100% owned Tahuehueto Gold Mine project . The closing of the [...]
Altaley Mining is pleased to provide shareholders the preliminary production results for the quarter ended June 30, 2021 of its Campo Morado Mine located in State of Guerrero. "I am happy to highlight Altaley's Q2 2021 Campo Morado production results where our operations team have achieved significant increases to net revenue and metal recoveries," states Ralph Shearing, CEO & President. "Net revenue has increased on [...]
Altaley Mining Corp. is pleased to announce that it has retained Venture Liquidity Providers to initiate market-making services to aid in maintaining an orderly trading market and improving the liquidity of Altaley's common shares. The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX-V and other applicable laws. For [...]
Altaley Mining Corp. Ltd., to restructure debt in the amount of US$26,027,240 under the summarized terms outlined below. This debt restructuring allows Altaley to move over US$20 million of the restructured amount from short term debt to long term debt to markedly improve its financial position. Key terms of the restructuring are outlined in the following table: Lender Project Total Debt Restructured Term Interest Rate [...]
Telson Mining Corp. 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 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 [...]
Telson Mining Corp. is pleased to announce the three months ended March 31, 2021 management prepared financial results reflecting a $5.25 million operating profit, which reflects steady quarter over quarter improved operating results over the last year of operations at the Company's Campo Morado Mine. All financial information included in this release are reported in Canadian dollars, unless otherwise stated. Q1 2021 [...]
Telson Mining Corp. announces that pursuant to its Stock Option Plan, it has granted incentive stock options to newly appointed directors totalling 2,000,000 shares in the capital stock of the Company. The options will be exercisable at a price of $0.45 per share for a period of 5 years. The options will vest under the terms of the Company's Stock Option Plan with one-third vesting immediately, one-third within 6 months [...]
Telson Mining Corp. is pleased to announce a restructuring of its Board of Directors, the execution of a Financial Advisory Agreement with Endeavour Financial and a corporate name change, all to better reflect and support the current growth of the Company as it continues construction of its flagship Tahuehueto Gold mine, improves efficiencies and metal recoveries at its Campo Morado operating mine and progresses on its [...]
Telson Mining Corp. is pleased to announce that the Company has received the initial US$2M proceeds from the total US$5M silver stream agreement with Empress Royalty Corp. for its Tahuehueto project in Durango, Mexico, as first announced in its February 23, 2021 news release. The Stream is part of a US$25M full financing solution being provided by Empress, Accendo Banco and Endeavour Financial . The US$25M included a [...]
Telson Mining Corp. is pleased to announce that the Company has closed the purchase of the Nyrstar Campo Morado Variable Purchase Price Royalty. Details of the transaction were previously announced on February 23, 2021. Telson has issued 14,600,000 shares at the negotiated price of C$0.345 per share, which was roughly a 64% premium to Telson's trading price as of Feb 22, 2021, the date the parties executed the VPP Royalty [...]
Telson Mining Corp. announces that as part of its debt restructuring initiative it has finalized terms on the first of several of its loan agreements to be restructured. Telson will be restructuring debt owed to Estrategica Corporativa en Finanzas, S.A.P.I de C.V. that was originally issued under a Mexican Peso line of credit agreement dated July 22, 2016. As previously disclosed Telson was not able to meet its [...]
Telson Mining Corp. is pleased to announce the execution of the US$5M silver stream agreement with Empress Royalty Corp. previously announced in its news release dated February 23, 2021. The Agreement Under the terms of the Stream Agreement, Telson will deliver to Empress silver credits purchased from a bullion bank in an amount equivalent to 100% of the first 1,250,000 ounces of payable silver contained within produced [...]
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