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Toronto, Ontario, April 11, 2022 – Talisker Resources Ltd. (“Talisker ” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is issuing this press release pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers in connection with the filing of an Early Warning Report in respect of the disposition of common shares (“Shares”) of TDG Gold Corp. (“TDG”).
On April 7, 2022, the Company sold 2,846,000 Shares at a price of $0.45 per Share and on April 11, 2022, the Company sold 55 Shares at a price of $0.475 resulting in aggregate gross proceeds of $1,280,726. The sales were facilitated through the facilities of the TSX Venture Exchange. Prior to such sales, the Company held 14,230,278 Shares, representing approximately 14.8% of the issued and outstanding Shares. Following such sales, the Company holds a total of 11,384,215 Shares, representing approximately 11.8% of the 96,343,142 issued and outstanding Shares as of the date of this press release.
The sales of Shares were undertaken as a monetization strategy of the Company. The Company will evaluate its investment in TDG from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease its shareholdings through market transactions, private agreements, or otherwise, subject to and in accordance with the terms of the investor rights agreement dated December 11, 2020 (the “Investor Rights Agreement”) between the Company and the Issuer. Other than exercising its board nomination rights in accordance with the Investor Rights Agreement, it currently has no other plans or intentions with respect to TDG’s board of directors.
An Early Warning Report in respect of the disposition of Shares will be filed under TDG’s profile on SEDAR at www.sedar.com, and may also be obtained by contacting Charlotte May at 416 471 3366. The Company’s head office is located at 350 Bay Street, Suite 400, Toronto, Ontario M5H 2S6. TDG’s head office is located at Unit 1 – 15782 Marine Drive, White Rock, British Columbia V4B 1E6.
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker’s projects include two advanced stage projects, the Bralorne Gold Complex and the Ladner Gold Project, both advanced stage projects with significant exploration potential from historical high-grade producing gold mines, as well as its Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt and several other early-stage Greenfields projects. With its properties comprising 299,789 hectares over 484 claims, three leases and 197 crown grant claims, Talisker is a dominant exploration player in the south-central British Columbia. The Company is well funded to advance its aggressive systematic exploration program at its projects.
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