Telson Resources Inc. Secures $150,000,000 Mexican Pesos Line Of Credit

http://www.thenewswire.com/archives?tnwcatalyst2=release_id%3D19644

VANCOUVER, BRITISH COLUMBIA / TheNewswire / July 27, 2016 – Telson Resources Inc. (TSX Venture – TSN) (“Telson” or the “Company”) is pleased to announce that its 99% owned Mexican Subsidiary has entered into an agreement (the “LOC Agreement”) with the Company’s largest shareholder, Estratégica Corporativa en Finanzas, S.A.P.I. de C.V. (the “Lender”) that provides Telson access to a line of credit over a period of five years commencing on Jul 22, 2016.

Pursuant to the terms of the LOC Agreement, the Lender has made available to the Company a line of credit of up to $150,000,000 Mexican Pesos (approximately $10,500,000 Canadian dollars at current exchange rates).

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