The tranche consisted of 19.5 million units, each containing one share and one half a share purchase unit, at a price of $0.10 per unit. A whole share purchase warrant entitles its holder to purchase an additional share at a price of $0.25 within two years of the tranche’s closing.
Estratégica Corporativa en Finanzas SAPI de CV, an entity based in Mexico, acquired 5.8 million shares at the $0.10 price and an additional 2.9 million shares at $0.25 via purchase warrants.
The Vancouver-based company originally announced the private placement on December 27.
Telson's Tahuehueto mining project, located in Mexico’s north-western Durango state, is currently under construction and approximately 70% complete.
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