On June 14, 2017, Telson Resources Inc. (TSXV: TSN.V) announced that it had closed its acquisition of the Campo Morado mine in Mexico from Nyrstar Mining Ltd. and Nyrstar Mexico Resources Corp. (collectively “Nyrstar”). Pursuant to a share purchase agreement among the parties, Telson purchased all of the shares of Nyrstar’s Mexican subsidiary companies that make up and own 100% of the mine, such that these subsidiary companies are now wholly-owned subsidiaries of Telson.
Under the terms of the agreement, Telson will pay a total purchase price of US$20 million in cash plus any variable purchase price linked to production at the mine.
Telson is a Canadian-based junior resource company. Nyrstar is a global multi-metals business, incorporated in Belgium and with its corporate office in Switzerland.
Miller Thomson advised Telson in this transaction with a team that included Rory Godinho, Kathy Tang and Blair Lowther.