Talisker Resources (TSE:TSK) has released an update.
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Talisker Resources Ltd. successfully closed a non-brokered private placement of gold-linked notes, raising $1,332,000 to further its Bralorne Gold Project in British Columbia. The notes, which bear a 15% annual interest rate, are designed to provide investors with returns linked to gold prices, and will mature in December 2027. The financing involves a related party transaction, but the company is exempt from formal valuation or shareholder approval requirements.
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