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February 14, 2014
17:17 EDTTLRTimberline Resources announces early cash receipt
Timberline Resources announced that pursuant to the mutual agreement of the company and Timberline Drilling, the company has accepted an early, discounted cash payment of US$150,000 in complete satisfaction of TDI's payment obligation to the company that was due in November. That payment obligation was pursuant to the previously announced terms of the Drilling Services and Related Payment Obligations Agreement, dated November 9, 2011, by and between the Company and TDI wherein the company is to receive discounted drilling services, or, if the services are not provided, annual cash payments of US$220,000 ending in November 2016. The future obligations of both parties under the Agreement remain intact and unchanged.
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October 5, 2015
18:10 EDTTLRWaterton proposes to acquire Timberline Resources for 58c per share
In a regulatory filing announcing its 9.9% stake in Timberline Resources, Waterton Precious Metals Fund II announced it has signed a letter agreement dated September 13, pursuant to which it has expressed interest in acquiring all of the issued and outstanding shares of Timberline's common stock for cash consideration of 58c per share. Timberline has granted Waterton Precious Metals Fund II an exclusivity period until 30 days following receipt of certain due diligence materials to complete its due diligence review and for the execution of definitive agreements, which may include lock-up agreements. The company has also granted Waterton deal protections including a break fee of 5% of the aggregate value of the transaction.
18:00 EDTTLRWaterton Precious Metals Fund II reports 9.9% stake in Timberline Resources
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