Early Warning Report in respect of TDG Gold Corp.

Rhea-AI Summary

On October 31, 2022, Talisker Resources Ltd. (TSKFF) announced the sale of 89,000 shares of TDG Gold Corp. at $0.13 per share, generating gross proceeds of $11,570. This sale reduced Talisker's holdings in TDG from approximately 10.07% to 9.99%. The transaction aligns with Talisker’s monetization strategy, aiming to optimize its investments. An Early Warning Report will be filed under TDG's profile on SEDAR for further public access.

Positive

• Sale of 89,000 shares of TDG Gold Corp. for gross proceeds of $11,570.
• Reduction of ownership in TDG aligns with ongoing monetization strategy.

Negative

• None.

TORONTO, Oct. 31, 2022 /PRNewswire/ - 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 September 30, 2022, Talisker sold 89,000 Shares at a price of $0.13 per Share for gross proceeds of $11,570. The sales were facilitated through the facilities of the TSX Venture Exchange. Prior to such sale, Talisker held 9,702,715 Shares, representing approximately 10.07% of the issued and outstanding Shares. Following such sale, Talisker held 9.99% of the issued and outstanding Shares. The sale of Shares was undertaken as a monetization strategy, which continued to be implemented following such sale. 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 304,931 hectares over 500 claims, three leases and 197 crown grant claims, Talisker is a dominant exploration player in south-central British Columbia.

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SOURCE Talisker Resources Ltd

FAQ

What was the purpose of Talisker's recent share sale?

The sale was part of Talisker's monetization strategy, optimizing its investment in TDG Gold Corp.

How many shares did Talisker sell of TDG Gold Corp?

Talisker sold 89,000 shares of TDG Gold Corp.

What were the proceeds from Talisker's share sale?

The share sale generated gross proceeds of $11,570.

What percentage of TDG Gold Corp. does Talisker own after the sale?

After the sale, Talisker holds approximately 9.99% of TDG Gold Corp.

Where can I find more information about Talisker's share sale?

More information can be found in the Early Warning Report filed under TDG's profile on SEDAR.