Source: Talon Metals.
  • Talon Metals Corp. (TLO) has closed a bought-deal public offering of common shares for gross proceeds of $36,863,306.13.
  • In connection with the offering, Talon issued 75,231,237 shares for $0.49 per share
  • Talon is a base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota
  • Talon Metals Corp. (TLO) opened trading at C$0.45

Talon Metals (TLO) has closed a bought-deal public offering of common shares for gross proceeds of $36,863,306.13.

Talon issued a total of 75,231,237 shares, including the partial exercise of the over-allotment option granted to the underwriters.

The offering was conducted by a syndicate of underwriters led by TD Securities Inc.

Talon intends to use a significant amount of the net proceeds from the offering for advancing work related to its planned exploration and development program at the Tamarack North Project in Minnesota.

The offering remains subject to the final approval of the Toronto Stock Exchange.

Talon is a base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota.

Talon Metals Corp. (TLO) opened trading at C$0.45.


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