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Stock Market & Financial Investment News

News Breaks
March 13, 2014
08:38 EDTTLRTimberline Resources, Wolfpack Gold to merge
Timberline Resources announced that it has agreed in principle to merge with Wolfpack Gold creating a pure Nevada focused gold exploration company with a substantial portfolio of quality assets in a world class jurisdiction. The merger is expected to be completed by a plan of arrangement or other suitable mechanism, and Timberline and Wolfpack have agreed to an exclusivity period expiring April 22, during which time the parties will conduct their respective due diligence. Upon completion of satisfactory due diligence, the parties will conclude a definitive agreement. Under the terms of the letter of intent, 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. In the event the proposed transaction for any reason does not complete, Wolfpack will have the exclusive right, on the maturity date, to be paid the principal amount of the loan and interest in cash or elect to receive all or a portion thereof in shares of commons stock of Timberline. Repayment will also be secured by Timberline's interest in the Seven Troughs property located in Pershing County, Nevada. In the event Timberline decides for any reason to terminate discussions regarding the business combination prior to execution of the definitive agreement, Timberline will, in consideration for Wolfpack making the bridge loan, assign a 0.25% net smelter returns royalty in the Seven Troughs property to Wolfpack.
News For TLR From The Last 14 Days
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September 25, 2014
08:38 EDTTLRTimberline Resources reports permitting progress at Butte Highlands
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