ROAD TOWN, BRITISH VIRGIN ISLANDS -- (Marketwired) -- 05/19/16 -- Talon Metals Corp. ("Talon" or the "Company") (TSX: TLO) is pleased to announce that, in connection with its continued strategy of divesting its non-core assets, the Company has sold all of its shares in Tlou Energy Limited ("Tlou Energy") for gross proceeds of approximately C$600,000.
"We are pleased that we have been able to increase our treasury through the sale of our shares in Tlou Energy," said Sean Werger, President of Talon. "The Company's sole focus is working with Kennecott Exploration Company to move the Tamarack Project towards becoming a tier 1 project. Going forward, we will continue to opportunistically seek ways to divest of our remaining non-core assets, and increase our cash position."
Talon is a TSX-listed company focused on the exploration and development of the Tamarack Project in Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project). The Company has a well-qualified exploration and mine management team with extensive experience in project management.
For additional information on Talon, please visit the Company's website at www.talonmetals.com.
Talon Metals Corp.
(416) 361-9636 ext. 247