Telson Resources Inc. (“Telson” or the “Company”) (TSXV:TSNV) advises that all warrants issued as part of a unit private placement on November 17, 2015 (the “November Warrants”) have been exercised resulting in proceeds to the Company of CAD$1,000,000.
“We appreciate the dedicated support of our shareholders”, commented Antonio Berlanga, Chief Executive Officer, Telson Resources Inc. “This is an exciting time for our Company as we expand our production efforts advancing both of our Mexican gold, silver and base metal projects thereby increasing the value for all of our shareholders”.
About Telson Resources Inc.
Telson Resources Inc. is a Canadian based mining company producing gold, silver and base metals from its two Mexican Mining Projects. Telson’s Tahuehueto Project, located in north-western Durango State, Mexico and its recently acquired Campo Morado Mine in Guerrero, Mexico are both polymetallic deposits containing significant gold, silver, lead, zinc and copper. Telson is currently mining and processing at its 100% owned Campo Morado Mine at a rate of approximately 1,400 tonnes per day and at its 100% owned Tahuehueto Mine Project at a rate of approximately 150 tonnes per day and direct shipping Tahuehueto preproduction ore to a toll mill for processing off-site.
On behalf of the board of directors
(signed) “Ralph Shearing”
Ralph Shearing, P.Geol, President and Director
For further information about Telson Resources Inc., please contact:
Corporate Communications Manager
Tel: +1 (604) 684-8071
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