(TheNewswire)
Vancouver, British Columbia / TheNewswire / November
1 3 , 2017
Highlights:
-
- Five Transport Trucks Carrying Telson’s First Campo Morado Concentrate Production have been
shipped and delivered to Trafigura Mexico
- Delivery Included approximately 225 wet Tonnes of Zinc Concentrate
- Additional 575 tonnes of zinc concentrate and 250 tonnes of lead concentrate produced and
schedule for shipping this week.
- Campo Morado Mineral Processing Plant Running Continuously 24/7
- Senior Securities Lawyer with Extensive Capital Markets Expertise Joins Telson’s
Board.
- Options granted to Directors, Officer and Employees.
Telson Resources Inc. ("Telson" or the "Company") (TSX Venture – TSN.V) is pleased to announce it has delivered
its first Campo Mo rado produced zinc concentrates to Trafigura’s warehouse in Manzanillo, Mexico.
Since re-starting operations at Campo Morado just three weeks ago the Company is happy to report that the mill
is operating from October 29, 2017 on a 24/7 continuous basis and up to November 5, 2017 had produced more than 800 tonnes of zinc
concentrate and more than 250 tonnes of lead concentrate.
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Board Appointment
Telson is also happy to report that it has appointed Rory S. Godinho of Vancouver, British Columbia to its
Board of Directors.
Mr. Godinho graduated from the University of British Columbia with an LLB. in 1983 and has practiced in the
areas of securities law for over 30 years. He is a partner of Miller Thomson LLP. one of Canada’s largest national law firms, with
close to 550 lawyers in twelve regional offices across Canada, and currently the Co-Chair its national capital markets and
securities group.
In July 2016, Mr. Godinho was appointed by the Council of Ministers responsible for capital markets regulation
from British Columbia, Ontario, Saskatchewan, New Brunswick, Prince Edward Island, Yukon and the Minister of Finance of Canada to
the inaugural board of the Capital Markets Authority Implementation Organization (CMAIO), which is expected to create
and evolve into the Capital Markets Regulatory Authority (CMRA). Once created, CMRA will be the single regulator administering the
proposed uniform provincial-territorial Capital Markets Act and complementary
Capital Markets Stability Act.
Prior to being appointed to CMAIO, Mr. Godinho was the Chair of the TSX Venture Exchange’s National Advisory
Committee and an executive officer of the Independent Investment Dealers Association.
Mr. Godinho has extensive experience advising clients on a broad range of matters such as public and private
equity and debt financings, mergers and acquisitions, initial public offerings, reverse takeovers, qualifying transactions,
corporate restructurings and reorganizations, continuous disclosure requirements and corporate governance, including regulatory
compliance.
Over his career he has established a large network of contacts in the resource and venture capital markets
industry and has assisted various issuers in their capital raising activities. Jose Antonio Berlanga, Chief Executive officer
stated: “We are thrilled to welcome Rory Godinho to our Board of Directors. We felt the need to add some capital markets expertise
to the Board and Rory is highly qualified in this regard. Rory has a tremendous amount of capital markets experience gained from
not only his representation of numerous issuers and independent investment dealers, but also from his successful capital raising
efforts. We look forward to his advice as we build Telson into a mid-tier producer.”
Grant of Options
The Company has granted a total of 3,730,000 stock options to directors, officers, employees and other service
providers under the terms of the Company’s stock option plan. The stock options have a five-year term from the date of the
grant and are exercisable at a price of $0.71 per share
About Telson Resources Inc.
Telson Resources Inc. is a Canadian based mining company producing gold, silver and base metals from its two
Mexican Mine Projects. Telson's Tahuehueto Project, located in north-western Durango State, Mexico and its recently acquired Campo
Morado Mine in Guerrero, Mexico are both polymetallic deposits containing significant gold, silver, lead, zinc and copper. Telson
is currently mining and processing at its 100% owned Campo Morado Mine at a rate of approximately 1,400 tonnes per day and at its
100% owned Tahuehueto Mine Project at a rate of approximately 150 tonnes per day and direct shipping Tahuehueto preproduction ore
to a toll mill for processing off-site.
Visit: www.telsonresources.com
On behalf of the board of directors
(signed) “Ralph Shearing”
Ralph Shearing, P.Geol, President and Director
For further information about Telson Resources Inc., please contact:
Glen Sandwell
Corporate Communications Manager
ir@telsonresources.com
Tel: +1 (604) 684-8071
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