Telson Resources Inc. (“Telson” or the “Company”) (TSXV:TSN) is pleased to announce it has delivered its first Campo Morado 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.
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.