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.