Click to access TSN_NR_165_Sep18_2017.pdf
Vancouver, British Columbia, Monday September 18th, 2017.
Highlights:
Executed loan facility with Trafigura in the amount of US$5 million for working capital
Full funding enables restart of mining and mineral processing at Campo Morado Mine
Full US$5 million has been received into Telson´s bank account
The Offtake Agreements are for 100% production of zinc and lead concentrates with a minimum
fixed tonnage, starting delivery in October 2017 and ongoing until December 2021
Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V)
is very pleased to announce it has entered into a Loan Facility and Offtake
Agreements (the “Agreements”) with Trafigura Mexico S.A. de C.V.
(“Trafigura”), a market leader in the global commodities industry, to sell
100% of the lead and zinc concentrate produced at the Campo Morado Mine
from the commencement of commercial production estimated during
October 2017 and until December 2021. Trafigura has provided Telson with
a credit facility of US$5 million thereby securing full working capital
requirements to initiate the restart of continuous mining operations at the
Campo Morado Mine.