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    Terraco Gold Corp Receives $1,000,000 Cash Injection from Closing of 3rd Royalty Transaction on the Spring Valley Project

    Investing News Network
    Jul. 29, 2013 06:31PM PST
    Gold Investing

    Terraco Gold Corp. (TSXV:TEN) announced that they have received an infusion of cash $1,000,000, on the closing of its 3rd royalty transaction on the Spring Valley Project

    Terraco Gold Corp. (TSXV:TEN) announced that they have received an infusion of cash $1,000,000, on the closing of its 3rd royalty transaction on the Spring Valley Project.

    As quoted in the press release:

    Highlights:
    Transaction increases royalty exposure on the Barrick Gold Corp. led joint venture of the Spring Valley Project, Nevada
    Additional royalty option positions Terraco up to 3% NSR coverage on the known Spring Valley gold deposit
    USD$1,000,000 cash infusion

    Terraco’s President and CEO, Todd Hilditch, said:

     In the last 19 months we have delivered to shareholders, despite unfavorable market conditions, a growing gold focussed asset base and brought USD$6,000,000 in creative funding to the company where our share structure has been left relatively intact. We are very proud of this.

    To view the whole press release, click here.

    terraco goldjoint venturetsxv:ten
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