Talon Metals to Sell 1-percent NSR on Sao Jorge Gold Project

Talon Metals Corp. (TSX:TLO) announced that it’s signed a definitive agreement with Orion Mine Finance Group for the sale of a 1-percent net smelter return royalty on the Brazil-based Sao Jorge gold project.
The move is part of the company’s strategy to shed its non-core assets.
As quoted in the press release:

The São Jorge Gold Project is wholly owned by TSX Venture Exchange listed Brazil Resources Inc.
Pursuant to the São Jorge Royalty Purchase Agreement, Orion has agreed to purchase the São Jorge Royalty from the Company for gross proceeds of US$1.9 million (approximately C$2.5 million). The sale of the São Jorge Royalty is expected to be completed this week.

Click here to read the full Talon Metals Corp. (TSX:TLO) press release.