Telson Mining CorporationMakes US $8 Million Payment to Nyrstar and Enters intoLoan Agreement to Facilitate Balance of Final Payment for Campo Morado Acquisition


VANCOUVER, British Columbia–(BUSINESS WIRE)– Telson Mining Corporation (“Telson” or the “Company”) (TSX-V – TSN, OTC Pink – SOHFF, Frankfurt – TSGN (formerly SQ82)) is pleased to announce that on June 6, 2018 it paid US$8 million to Nyrstar Mining Ltd. (“Nyrstar”) as a partial payment under its Share Purchase Agreement dated April 27, 2017 (the “Acquisition Agreement”) and has entered into a Loan Agreement dated June 13, 2018 with Nyrstar Canada (Holdings) Ltd (“the Lender”) that effectively converts the final US$8.5 million due under the Acquisition Agreement into a loan and thereby extends the payment terms over the next eight months.

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