TML Treasury Metals Inc

Treasury Metals Inc. (TSX:TML) (the "Company" or "Treasury Metals") announced
today that the Company and Pan American Silver Corp. ("Pan American") have
agreed to extend the closing date of the proposed acquisition of the Pico Machay
Gold Project ("Pico Machay") until September 21, 2011. All other terms and
conditions relating to the share purchase agreement, as amended, remain the
same. 


Treasury Metals continues to pursue financing alternatives to fund the
acquisition of Pico Machay. This includes the recently filed preliminary
prospectus in connection with a best efforts offering of common shares co-led by
Cormark Securities Inc. and Canaccord Genuity Corp. 


"The Pico Machay acquisition brings near-term production potential and cash-flow
to the Company. In addition, we will continue to expand and develop the Goliath
Gold Project in northwestern Ontario into a multi-million ounce deposit,"
commented Martin Walter, President and Chief Executive Officer of Treasury
Metals Inc. "The Goliath Gold Project has a number of near-term milestones such
as completion of the 50,000-metre diamond drilling program and a revised
resource expected in the fourth quarter of this year. In this strong gold
market, we are well positioned to become a low-cost producer in Peru with the
Pico Machay acquisition and with ongoing exploration upside at the Goliath Gold
Project in Dryden, Ontario." 


The Transaction remains conditional upon, among other things, the receipt of all
required regulatory approval, including the approval of the Toronto Stock
Exchange, and the completion by the Company of a financing to fund the cash
consideration payable to Pan American. 


The Company has posted on its website an updated corporate presentation which
includes further details of the Pico Machay Gold Project at
www.treasurymetals.com. 


Forward-looking Statements

This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expect, are forward-looking statements. Actual results
or developments may differ materially from those in forward-looking statements.
Treasury Metals disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, save and except as may be required by applicable securities
laws.

Grafico Azioni Treasury Metals (TSX:TML)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Treasury Metals (TSX:TML)
Storico
Da Lug 2023 a Lug 2024