Telson Resources Inc. Revises Terms for Possible Change of Control of the Company and Non-Brokered Private Placement.
Telson Resources Inc. is pleased to announce the signing of an Agreement with Reyna Minas, S.A. de C.V. a private Mexican mining group focused on the acquisition and development of mining projects in Mexico. The Agreement replaces a Letter of Intent signed between the parties on April 15, 2015. The Agreement and proposed transaction will take the form of a corporate restructuring, whereby upon full implementation, the Investors will acquire a minimum CAD$2,000,000 worth of Units of Telson and Telson will consolidate its share capital on substantially the terms and conditions described herein.