Dec 15, 2016 (TheNewswire.ca via COMTEX) — (via TheNewswire)
Vancouver, British Columbia / TheNewswire / December 15, 2016 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) today announces that it has closed the sale of its first lead and zinc concentrates produced from its industrial scale bulk sample collected from the El Creston zone on its 100% owned Tahuehueto Project (the “Project”) located in Northern Durango State, Mexico.
Mercuria Commodities Trading S.A, de C.V. (“Mercuria”) has purchased and partially paid for 98.77 tonnes of lead concentrate and 29.35 tonnes of zinc concentrate resulting in cash of USD $332,919 for the Company. This amount represents approximately 85% of the final settlement amount with the balance to be paid within two months of the initial payment. Mercuria is part of large global energy and commodities trading company operating in more than 50 countries with over 1000 employees in offices worldwide.