Trafigura Commits 2nd Loan Tranche US$5 Million to Telson’s Tahuehueto Mine Construction
Antonio Berlanga, CEO, states Telson has now received its second Trafigura loan funding tranche in the amount of US $5 million, which funds when combined with our recently closed C$6.8 million private placement funding, exceeds US$10 million. We are now almost fully funded to complete the mine construction at Tahuehueto and are targeting a mine start-up during Q1 2019.An additional US $2.5 million third tranche is available under the Offtake Loan Agreement should additional funding be required however, we anticipate that pre-production concentrate sales proceeds will forego the need for Telson to draw down that third tranche.We would like to thank Trafigura for its continuing support and look forward to providing shareholders construction updates in the coming months.”











