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Stock Market & Financial Investment News

News Breaks
December 20, 2012
04:56 EDTTLRTimberline Resources prices public offering of common stock at 20c per share
Aegis Capital Corp. is acting as the sole book-running manager for the offering.
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April 17, 2014
08:09 EDTTLRTimberline Resources amends agreement to acquire Wolfpack Gold assets
Timberline Resources has restructured its proposed acquisition of Wolfpack Gold and has executed an Amended Letter of Intent reflecting the revised terms. Timberline intends to acquire all of the outstanding shares of a Wolfpack subsidiary which will hold all of Wolfpack's current assets other than its uranium holdings in exchange for shares of common stock in the capital of Timberline at a ratio equal to 0.75 shares of Timberline for each outstanding share of Wolfpack. Under the amended terms of the LOI, Timberline will retain ownership of its 50% carried-to-production interest in the Butte Highlands Gold Project in Montana. As a result of the acquisition, Timberline will acquire a number of gold projects in Nevada and approximately $4.7M in cash, inclusive of the loan. Timberline and Wolfpack have agreed to extend the exclusivity period until May 5. Additionally, the LOI requires a break fee in the amount of $500K be paid by a party electing to terminate the definitive agreement to accept a third party superior proposal. Under the terms of the LOI, Wolfpack has agreed to provide Timberline with a bridge loan of up to $1M to fund the working capital needs of Timberline during the interim period prior to the completion of the proposed transaction.

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