TriMetals Mining completes sale of Escalones to Wealth Copper

1 minute read
26 September 2019

On Sept. 26, 2019, TriMetals Mining Inc. (TSX: TMI) (US OTCQB: TMIAF) ("TMI") closed its previously announced transaction with Wealth Minerals Ltd. and its wholly-owned subsidiary, Wealth Copper Ltd.

Pursuant to the transaction, Wealth Copper acquired 100% of TMI's interest in the mineral exploitation and exploration concessions and related assets that comprise the Escalones copper-gold porphyry project in Chile, for a combination of common shares of Wealth Copper, cash and a 2% NSR royalty on the project.

TMI is a growth-focused gold exploration company creating value through the exploration and development of the near-surface Gold Springs gold-silver project in Nevada and Utah.

Gowling WLG was counsel to TMI with respect to this transaction with a team that included Tina Woodside, France Tenaille, Brett Kagetsu, Raymond Ong and Sarah Baddeley.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.