Telson Announces Second and Final Closing of its Private Placement

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1592-tsx-venture/tsn/14568-telson-announces-second-and-final-closing-of-its-private-placement.html

Vancouver, BC, Canada / TheNewswire / December 9, 2015 – Telson Resources Inc. (TSX Venture Exchange: TSN) (“Telson” or the “Company“) announces that it has completed the second and final closing of the non-brokered private placement (the “Final Closing“) pursuant to which the Company issued 6,960,000 units (the “Units“) for gross proceeds of $348,000. The Final Closing is part of the Company’s previously announced non brokered private placement of 40,000,000 Units at a price of $0.05 per Unit for gross proceeds of $2,000,000 (the “Private Placement“). Each Unit consists of one common share (a “Share“) and one half of one transferable share purchase warrant (each whole warrant, a “Warrant“). Each Warrant is exercisable to acquire one additional Share of the Company for a period of two years at a price of $0.05 per Share.

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